A Person, Place, Object, Event, or Concept About Which the Organization

question 18

Multiple Choice

A person, place, object, event, or concept about which the organization wishes to maintain data is called a(n) :

• A) relationship.
• B) object.
• C) attribute.
• D) entity.

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Definitions:

Residual Income

The amount of income that an entity has after all personal debts and expenses have been paid, often used in personal finance, or an approach to measure a department's or investment's profitability after charging cost of capital.

Invested Capital

The cumulative sum of funds invested by stockholders and creditors into a firm for long-term purposes.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Asset Turnover

A ratio that calculates how effectively a company utilizes its assets to produce sales income.