A ____ Is a Copy That Is Kept in Case

question 41

Multiple Choice

A ____ is a copy that is kept in case values need to be restored to their original state.

• A) read-only file
• B) backup file
• C) primary file
• D) secondary file

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a company.

Liability

A company's legal debts or obligations that arise during the course of business operations.

Asset

An economic resource owned or controlled by a person or entity, which is expected to provide future benefits.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities; represents the owners' share.