Failure to Understand the Distinction Between Mandatory and Optional _____

question 42

Short Answer

Failure to understand the distinction between mandatory and optional _____ in relationships might yield designs in which awkward (and unnecessary) temporary rows (entity instances) must be created just to accommodate the creation of required entities.

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Definitions:

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

SOX-Type Standards

Regulatory standards similar to the Sarbanes-Oxley Act (SOX), aimed at improving the accuracy and reliability of corporate disclosures and the protection against corporate and accounting fraud.

Cost-Benefit Analysis

A process used to evaluate the total expected cost of a project compared to its expected benefits, in order to determine its feasibility or profitability.

International Companies

Businesses that operate across national borders, engaging in international trade or services.