When a Data Item Is Known to All of a Program's

question 5

Multiple Choice

When a data item is known to all of a program's modules,it is a ____data item.

• A) scope
• B) defined
• C) local
• D) global

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Definitions:

Assets and Liabilities

Assets are resources controlled by a business with future economic benefits, while liabilities are obligations that will result in an outflow of resources.

Business Combination

The process of merging two or more entities into one, through various forms such as acquisitions, consolidations, or mergers.

Acquired Company

A company that has been purchased or taken over by another company, often through a merger or acquisition.

Consolidated Results

Financial statements that show the aggregate of parent company and subsidiary performances as if they were a single company.