Which of the Following Terms Means That Data Must Be

question 73

Multiple Choice

Which of the following terms means that data must be accessed in the order in which it is stored?

• A)direct access
• B)indirect access
• C)sequential access
• D)volatile access

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Definitions:

Gain

A financial increase or profit, particularly from the sale of investments or assets, not typically related to the entity’s primary operations.

Extraordinary Repair

A significant restoration or overhaul that extends an asset's useful life beyond its original forecast.

Gain

A gain refers to an increase in wealth or resources, typically measured in financial terms and often realized from the sale of an asset for more than its cost.

Accounting Rules

The formal guidelines and principles that govern financial accounting practices, ensuring accuracy and consistency in financial reporting.