Databases Are Used for Operational Processing and for Analytical Purposes

question 81

True/False

Databases are used for operational processing and for analytical purposes.

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Definitions:

Comparative Income Statement

A financial statement that compares income, expenses, and net income over different periods to observe trends or changes.

Sales

Transactions involving the exchange of goods or services for money.

Acid Test Ratio

Used to determine the amount of assets that can be quickly turned into cash to pay current liabilities; acid test ratio equals total of cash plus receivables divided by total current liabilities.

Balance Sheet

A summary report detailing a company's assets, debts, and equity held by shareholders at a particular moment.