What Is Application Integration

question 203

Multiple Choice

What is application integration?

• A) The integration of data from multiple sources, which provides a unified view of all data.
• B) Takes information entered into a given system and sends it automatically to all downstream systems and processes.
• C) Takes information entered into a given system and sends it automatically to all upstream systems and processes.
• D) The integration of a company's existing management information systems.

---

Definitions:

Lessor Classification

Refers to criteria used by lessors to determine whether a lease should be classified as a finance lease or an operating lease.

Nonrecourse Financing

A loan where the lender's only recourse in case of default is to seize the collateral securing the loan, with no further claim on the borrower's assets.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.

GAAP

The standard framework of guidelines for financial accounting employed within any specific jurisdiction, known as Generally Accepted Accounting Principles.