A DBMS Is a Software That Helps to Manage the Operating

question 62

True/False

A DBMS is a software that helps to manage the operating system.

Grasp how financial transactions impact the accounting equation.

Comprehend the presentation and classification of assets in the balance sheet.

Distinguish between service, manufacturing, and merchandising businesses based on their operational activities.

Identify the financial statements used to analyze different financial facets of a business.

---

Definitions:

Origination Fee

This fee is money paid to the lending institution for the paperwork involved in the loan application process.

Prepaid Interest

Interest payments made in advance of their due date, typically associated with the initial costs of obtaining a mortgage.

Recurring Cost

Expenses that occur at regular intervals, such as monthly rent or annual subscriptions.

Back-end Ratio

The back-end ratio measures a person's total debt payments as a percentage of their income, commonly used by lenders to assess borrowing capacity.