Which of the Following Statements Is True About a Data

question 19

Multiple Choice

Which of the following statements is true about a data dictionary?

• A)Obsolete entries are usually retained in the data dictionary.
• B)The data dictionary contains an entry for each standard data item.
• C)Data administrators needn't maintain the data dictionary as it automatically updates itself.
• D)Only large organizations are required to maintain a data dictionary.

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Definitions:

Deferred

A term referring to expenses or incomes that have been recorded but not yet incurred or realized, impacting future periods.

Inventories

The complete list of items such as merchandise, raw materials, and finished goods that a company holds for sale or production.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold and treats fixed manufacturing overhead as a period cost.

Year 1

Often refers to the first year of a business or financial operation, used as a baseline for comparing future performance or growth.