Case-Based Critical Thinking Questions Case 1 - Frames Unlimited

question 15

Multiple Choice

Case-Based Critical Thinking Questions Case 1 - Frames Unlimited
Frames Unlimited is a wholesale picture and poster frame business. Frame data is stored in sequential access files that contain four columns: item number, item name, size, and price.
You need to create a report using the pictureFrame.txt sequential access file. The report provides a list of all picture frames with a size of 5x7. The report will be saved as another sequential access file named pictureFrame57.txt. Your first step is to ____.

• A) declare a StreamWriter variable for the output file
• B) open the pictureFrame57.txt file for output using the CreateText method
• C) declare a StreamReader variable for the input file
• D) open the pictureFrame.txt file

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Definitions:

Credit Availability

Credit availability denotes the ease with which individuals or businesses can obtain loans or credit from financial institutions.

FDIC

Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at commercial banks and savings institutions, providing depositor protection against bank failures.

Too-Big-To-Fail

A concept suggesting that certain corporations or institutions are so large and interconnected that their failure would be disastrous to the broader economy, often leading to government intervention.

Bank Panics

Occur when a large number of customers withdraw their deposits simultaneously, fearing the bank's insolvency.