In Comparison with Flat File Systems, Databases

question 41

Multiple Choice

In comparison with flat file systems, databases:

• A)minimize data redundancy.
• B)are easier to design.
• C)have less sophisticated security measures.
• D)require more storage space.

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Definitions:

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a conglomerate, combining the figures of the parent company and its subsidiaries.

Partial Equity Method

An accounting approach used for investments where the investor has significant influence (but not control) over the investee, leading to the recognition of their share of the investee's earnings.

Amortization

The gradual reduction of the book value of an intangible asset or the paying down of a debt over a fixed period of time.

Consolidation Worksheet

An accounting tool used to combine the financial statements of a parent company and its subsidiaries, enabling the preparation of consolidated financial statements.