Case Based Critical Thinking Questions Case 1 You Have Been

question 15

Multiple Choice

Case Based Critical Thinking Questions Case 1 You have been given three different databases, all of which use different database software, and your supervisor is asking you to identify which type of method each database uses to make its queries. The third database allows you to fill out a form with the type of data you want to locate. What kind of method is this?

• A) QBE
• B) query language
• C) 3-D query
• D) natural language query

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Definitions:

Method

A systematic way of accomplishing something. In a financial context, this could refer to a specific approach or procedure adopted for accounting or analysis purposes.

Average Rate of Return Method

A method of evaluating capital investments by calculating the average annual profit expected from the investment and dividing it by the initial investment cost.

Present Value

The contemporary valuation of a future money sum or cash flow series, based on a predetermined return rate.

Time Value

The idea that having money now is more valuable than having the same sum in the future because of its ability to generate earnings.