Which of the Following Is Not One of the Main

question 37

Multiple Choice

Which of the following is not one of the main problems with a traditional file environment?

• A) data inconsistency
• B) program-data independence
• C) lack of flexibility in creating ad-hoc reports
• D) poor security

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Definitions:

Investment Account

An account held at a financial institution that is used to buy and hold investment assets, such as stocks, bonds, and mutual funds.

Revenue Recognized

Income that a company has earned and reported in its financial statements for a specific period, following accounting principles.

Trading Investments

Securities that are purchased by a firm for the purpose of realizing a short-term profit.

Long-Term Trading Investments

Investments in stocks, bonds, or other securities that a company intends to hold for a period longer than a year to achieve long-term financial goals.