A Software Program That Lets the User Create Databases and Then

question 50

True/False

A software program that lets the user create databases and then manipulate the data in the databases is called a database management system (DBMS)._________________________

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Definitions:

Comparative Balance Sheets

Side-by-side financial statements that compare a company's balance sheets at different points in time, typically to analyze trends or changes in financial position.

Net Income

The profit a company makes after subtracting all its costs and expenses from its total revenues.

Prepaid Insurance

An asset account that represents the amount of insurance premium payments made in advance and has not yet expired at the balance sheet date.

Prepaid Rent

An expense that is paid in advance for the use of property or equipment, which is then recognized as an expense over the period of use.