Many Users Prefer to Avoid Database Applications Altogether and Simply

question 65

Multiple Choice

Many users prefer to avoid database applications altogether and simply store their data in a(n) :

• A) spreadsheet.
• B) encrypted table.
• C) file.
• D) mattress.
• E) old can.

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Definitions:

Full Consolidation

is a method of accounting where a parent company combines its financial statements with those of its subsidiaries as if they were a single entity.

Wholly Owned Subsidiaries

Companies that are completely owned by another company, allowing the parent company full control over operations and decision-making.

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as those of a single economic entity.

Entity Concept

An accounting principle that treats a business as a separate entity from its owners for financial reporting purposes.