Michael Needs to Create a Database That Contains a Table

question 13

Multiple Choice

Michael needs to create a database that contains a table with information about each car produced, a table with information about the line in which each car was produced, and a table with information about the experience of workers on the line in which each car was produced. Which type of database would allow him to enter this information only once, but also create three separate tables with information on the car, the line, and the workers?

• A) single-table database
• B) flat file database
• C) relational database
• D) web database

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Definitions:

Common Size Income Statements

Financial statements that present all line items as a percentage of a base figure, facilitating comparison across different-sized companies.

FIFO vs. LIFO

Refers to the accounting methods for inventory management; FIFO stands for First-In, First-Out, indicating that the oldest inventory items are recorded as sold first, whereas LIFO stands for Last-In, First-Out, where the most recently produced or acquired items are the first to be expensed.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting the cost of capital from its operating profit.

Residual Income

The amount of net income generated in excess of the minimum rate of return expected by shareholders or creditors, often used as a performance measure for investment or business valuation.