Flat File Records Are

question 48

Multiple Choice

Flat file records are:

• A)Kept in random order.
• B)Kept is sequential order.
• C)Linked to other records by a common attribute.
• D)Interactive and real-time processed.

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Definitions:

Transaction Management

The process of overseeing and managing financial transactions to ensure they are completed efficiently and effectively.

Research and Development

The process of investigating and creating new knowledge, products, or processes, which often leads to innovation and improvements in various fields.

Earnings Targets

Financial goals or benchmarks that a company aims to achieve within a specific period, often used as performance indicators.

SAB 104

An SEC Staff Accounting Bulletin that provides guidance on revenue recognition to ensure accuracy in financial reporting.