Relational Databases Offer Many Advantages Over Using a Text Document

question 13

True/False

Relational databases offer many advantages over using a text document or a spreadsheet, which include decreased flexibility and decreased scalability and performance.

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Definitions:

Bank Releases

Legal documents indicating that a bank has released its claim on assets, typically after a loan has been paid off.

Collection Time

The typical duration a company waits to collect payments from its clients following a sale.

Lockbox System

A service offered by banks to process payments quickly by having those payments mailed directly to a secure post-office box, from which the bank collects and deposits into the company's account.

Cheque Clearing

The process by which banks settle transactions made by cheques, transferring funds from the issuer's account to the payee's account.