Database Architects Establish Standards for Data in Business Units

question 89

True/False

Database architects establish standards for data in business units.

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Definitions:

Current Liabilities

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

Indirect Method

A cash flow statement presentation method that adjusts net income for changes in balance sheet accounts to calculate cash flow from operating activities.

Operating Activities

The day-to-day actions that a business undertakes to generate revenue, as reflected in the cash flow statement.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.