A Person, Place, Object, Event, or Concept in the User

question 50

Multiple Choice

A person, place, object, event, or concept in the user environment about which the organization wishes to maintain data refers to a(n) :

• A) attribute.
• B) data element.
• C) relationship.
• D) entity.
• E) process.

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Definitions:

Interest Charges

The cost incurred by an entity for borrowing funds; these are often calculated as a percentage of the principal amount loaned or the outstanding balance.

Compensating Balance

A minimum bank account balance that a borrower must maintain as part of a loan agreement, often used to offset the cost of the loan.

Deficit Financing

The practice of funding government spending through borrowing rather than through taxation, leading to a government deficit.

Interest Charges

The charge applied by a lender on a borrower for asset utilization, indicated as a percentage of the principal value.