Which Two Properties Are Required for Every Field

question 5

Multiple Choice

Which two properties are required for every field?

• A) Field Name and Data Type
• B) Field Name and Field Size
• C) Data Type and Format
• D) Field Size and Format

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Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking an alternative action.

Sunk Costs

Expenses that have been spent and cannot be retrieved.

Cash Flow Estimation

This refers to the process of forecasting and evaluating the amount of cash that is expected to flow into and out of a business over a specific period.

NPV

Net Present Value; a method used in capital budgeting to assess the profitability of an investment or project.