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question 70

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CASE
Critical Thinking Questions
Case 10-1
As you prepare to teach a class on the fundamentals of databases, you want to create a real-world example that will help define some of the key terms for this concept.
-You have a table called AutoRepairDetails,which includes elements labeled Make,Model,LicensePlate,RepairCost,and OwnerName.In this table,which term best describes the role that RepairCost plays in the table?


Definitions:

Registration

The act of recording or enrolling an individual's or entity's details on an official list or registry for legal, security, or operational purposes.

Best Efforts

A clause requiring a party to make the maximum effort to achieve a task, without guaranteeing success.

Underwriting

The process by which insurers evaluate the risks associated with insuring a particular person or asset and decide the premium to charge.

Issuer

An entity that issues and is responsible for the financial instruments like stocks or bonds.

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