Each Physical Record Is Addressed by Its

question 33

Multiple Choice

Each physical record is addressed by its:

• A)relative record number (RRN).
• B)sequential record number (SRN).
• C)transaction record number (TRN).
• D)ultimate record number (URN).
• E)unknown record number (XRN).

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Definitions:

Compliance Costs

Expenses incurred by businesses or individuals to adhere to laws, regulations, and standards.

U.S. Income Tax

A tax imposed by the U.S. government on the income earned by individuals, corporations, estates, and other entities.

Vertical Equity

The principle that people with higher incomes should pay more in taxes than those with lower incomes, reflecting a progressive tax system.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount on which the tax is imposed.