There Are Two Overall Approaches to Maintaining Data: the Traditional

question 4

Multiple Choice

There are two overall approaches to maintaining data: the traditional file approach-which has no mechanism for tagging,retrieving,and manipulating data-and the ____,which does have this mechanism.

• A) database approach
• B) data approach
• C) datafile approach
• D) indexed file approach

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Definitions:

Key Components

Essential parts or elements that are necessary for the functionality or operation of a system or process.

Standards For Comparisons

Established criteria used to measure and evaluate the performance, quality, or value of something.

Financial Analysis

The process of examining financial statements to make decisions about investments, credit, and the financial health of an entity.

Common-Size Percentages

Financial analysis tool that expresses each line item on a financial statement as a percentage of a base amount, facilitating comparison across companies or periods.