Which of the Following Best Describes the Importance of Creating

question 49

Multiple Choice

Which of the following best describes the importance of creating an accurate data model for your business's database?

• A)It is not essential, as the data model itself is modified by the database continuously.
• B)Critical, as without one, your data may be inaccurate, incomplete, or difficult to retrieve
• C)Essential, as table relationships cannot be created without an accurate data model
• D)Somewhat important, as the type of data model will define what kinds of data will be stored

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Definitions:

Capital Gain

The profit earned from the sale of assets like stocks, bonds, or real estate, which exceeds the purchase price.

Book Value

For a company, the value of equity, equal to total assets minus total liabilities. Book value can be stated in total or per share. For an asset, book value is the net of original cost minus accumulated depreciation, and is generally referred to as net book value.

Original Cost

The initial monetary value of an asset or investment at the time of its acquisition.

Marginal Tax Rate

The rate at which the next dollar of income will be taxed. Generally the taxpayer’s bracket rate.