A Primary Key Field Uniquely Identifies Each Record

question 72

True/False

A primary key field uniquely identifies each record.

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Definitions:

Small Firm

A business with a limited number of employees and revenue, often defined within specific legal frameworks based on the industry.

Sources of Float

Sources of float include the time difference between when a payment is initiated and when it is actually cleared and becomes available in a company's bank account, affecting the management of cash flow.

Collection Float

The time period between when a check is deposited and when funds are made available.

Average Daily Float

The average amount of uncollected, in-process funds over a specified period.