Having a Level-1 Diagram with No Level-0 Diagram Is an Example

question 41

Multiple Choice

Having a level-1 diagram with no level-0 diagram is an example of a:

• A)violation of completeness
• B)violation of consistency
• C)gap
• D)structuring violation

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Definitions:

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the decrease in value due to wear and tear over time.

Cost of Goods Sold

The immediate expenses related to the manufacturing of products which a business sells, covering materials and workforce.

Depreciation Expense

An accounting method to allocate the cost of a tangible or physical asset over its useful life.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue; often called the bottom line.