A(n) _____ Database Supports a Relatively Small Number of Users

question 64

Multiple Choice

A(n) _____ database supports a relatively small number of users (usually fewer than 50) or a specific department within an organization.

• A) desktop
• B) workgroup
• C) enterprise
• D) transactional

Differentiate between reasons for acquiring less than a 100% interest in a subsidiary.

Understand and apply the elimination entries for intercompany transactions.

Calculate non-controlling interest (NCI) on the consolidated statement of financial position.

Understand differences between the entity method and parent-company extension method in consolidations.

---

Definitions:

Mission Statement

A concise declaration of an organization's core purpose and focus that informs its goals, culture, and strategy.

Future Position

A strategic goal or objective that an organization or individual plans to achieve in the future.

Management Accounting

The practice of analyzing and presenting financial data to management for the purpose of informed decision-making, planning, and control.

Accounting Standards

Rules and guidelines set by authoritative bodies that dictate how financial transactions and statements should be recorded and reported.