A Physical File Is a Named Set of Table Rows

question 68

True/False

A physical file is a named set of table rows stored in a contiguous section of secondary memory.

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Definitions:

Spending Variance

The variance between the anticipated budget for expenses and the actual expenditure incurred.

Net Operating Income

The profit generated from a company's everyday business operations, excluding expenses and revenues from non-operational activities.

Flexible Budget

A budget designed to adapt by varying in response to the company's activity levels or volume changes.

Revenue and Spending Variances

The difference between the budgeted and actual figures of revenue and expenditure, used for financial planning and control.