The Purpose of a Data Warehouse Is to Store Old

question 32

True/False

The purpose of a data warehouse is to store old information that is no longer needed on a regular basis,but that might be needed for legal or historical reasons.

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Definitions:

Journal Entries

Records of financial transactions in the chronological order made in the accounting journals.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses, managed through a system of replenishment.

Misc. Expense

Miscellaneous Expenses, generally small or irregular costs that don't fit into other categories of a company's financial statements.

Petty Cash Fund

A small amount of cash kept on hand for minor, incidental expenses.