A Specific Category of Data Such as a Customer's Name

question 7

Multiple Choice

A specific category of data such as a customer's name, city, state, or phone number is called a(n) ____.

• A) object
• B) record
• C) field
• D) table

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Definitions:

Stockholders' Equity

The residual interest in the assets of the corporation after deducting its liabilities, representing ownership interest.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Fair Value

An estimate of the price at which an asset or liability would be traded in a fair transaction between willing participants in the market.

Net Income

The remaining income of a business after deducting all expenditures and taxes from the gross revenue.