Case-Based Critical Thinking Questions Case 1 - PetPals

question 19

Multiple Choice

Case-Based Critical Thinking Questions Case 1 - PetPals
You have been hired by PetPals Veterinary Clinic to modify an application. The application is used to enter and save all patient (pet) information obtained during an office visit.
The pet's temperature is recorded at every visit, and it may contain a decimal place. What data type is best for storing this data?

• A) String
• B) Integer
• C) Decimal
• D) Double

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Definitions:

Abandonment Option

A financial decision allowing companies to cease a project or investment to avoid further losses.

NPV

Net Present Value; a calculation used to assess the profitability of an investment, considering the present value of its cash flows.

Variances

Differences between planned financial outcomes and actual results, used in budgeting and financial management to analyze performance.

Abandonment Option

A form of real option in capital budgeting, giving a company the ability to abandon or terminate a project during its life if it becomes unprofitable.