CASE Critical Thinking Questions

question 84

Multiple Choice

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.
-Your AutoRepairDetails table contains the following line:
Smith,Robert; Honda; Civic; 2008; X4T6Y3; $150.00
Which of the following terms best describes this entry in the table?

• A) record
• B) column
• C) id
• D) field

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Definitions:

Acid-Test Ratio

A financial metric that measures a company's ability to pay its short-term liabilities with its quick assets (cash, marketable securities, and receivables).

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on a company's balance sheet until they are consumed or used.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Stockholders' Equity

Represents the equity stake currently held by all shareholders of a company, calculated as the total assets minus total liabilities.