Case 17-1 Robert, the Manager of a Small-Scale Software Firm

question 64

Multiple Choice

Case 17-1 Robert, the manager of a small-scale software firm, uses Microsoft Access 2016 to store employee details. He maintains the database and updates it as the details change. Robert retrieves the stored details as and when required using Access. ​
Sam is a new employee in the software firm. Robert adds the details about Sam in a new row in the database. The new row created by Robert is an example of a _____.

• A)field
• B)foreign key
• C)record
• D)primary key

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Definitions:

Sales-Type Leases

Leases where the lessor recognizes immediate profit on the sale, in addition to interest revenue over the lease term, similar to a financial purchase.

Direct Financing Lease

A type of lease arrangement where the lessor purchases the asset for the lessee and finances it, with lease payments designed to cover the cost and provide a return on investment.

Guaranteed Residual Value

The predetermined value of a leased asset at the end of the lease term, which the lessee may have to pay or receive depending on the lease agreement.

Implicit Interest Rate

The interest rate embedded in a lease or loan agreement, discernible through the payment terms but not explicitly stated.