Which of the Following Is NOT True Regarding Calculated Fields

question 85

Multiple Choice

Which of the following is NOT true regarding calculated fields?

• A) The result of the calculated field is displayed each time you run the query.
• B) A calculated field can be added to a query using the fields in the query or even fields in another table or query in the database.
• C) A calculated field is stored in the table once the query is saved.
• D) The calculation can use a combination of numbers and field values, which allows you flexibility in how you perform the calculation.

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Definitions:

LIFO Inventory Cost Method

An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting period; stands for Last-In, First-Out.

Recent Costs

refer to the latest expenses incurred by a company, highlighting the most up-to-date financial outlays for operations or projects.

Current Revenues

Earnings generated from the normal operations of a company within a specific time period.

Lower-of-cost-or-market

An accounting principle that valuables inventory at the lower of its historical cost or the current market price, ensuring assets are not overstated.