[Solved] All of the following statements are TRUE about an Excel database EXCEPT: A)An Excel database is a way of storing data that is made up of records and fields. B)In a database, each record is one unit of data. C)All database functions are named using the format DBXXX()where XXX is the name of the corresponding nondatabase Excel function. D)All database functions include the same three arguments. Single Ownership: A business structure where a single individual owns the entire company without any partners or shareholders. Strategic Channel Alliance: A partnership formed by two or more organizations to utilize each other's distribution channels for mutual benefit. Nestlé: Nestlé is a multinational packaged foods and beverage company headquartered in Switzerland, known for its wide range of products including baby food, bottled water, coffee, dairy products, and more. General Mills: An American multinational manufacturer and marketer of branded consumer foods sold through retail stores, known for products like cereals, snacks, and more.