When Access Creates a New Database, It Creates an Empty

question 22

Multiple Choice

When Access creates a new database, it creates an empty table called ____ for you to modify.

• A)Table1
• B)Database1
• C)Datasheet1
• D)Form1

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Definitions:

Periodic Inventory System

An inventory accounting method where updates to inventory levels are made at specific intervals, not continuously.

Ending Inventory

The value of the goods still available for sale by a company at the end of an accounting period.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company for reinvestment.

Year-end Balance Sheet

A financial statement that lists a company's assets, liabilities, and equity at the end of its fiscal year.