All of the Following Statements About Metadata Are True EXCEPT

question 5

Multiple Choice

All of the following statements about metadata are true EXCEPT

• A) metadata gives context to reported data.
• B) there may be ethical issues involved in the creation of metadata.
• C) metadata helps to describe the meaning and structure of data.
• D) for most organizations, data warehouse metadata are an unnecessary expense.

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Definitions:

Estimable Amount

A quantifiable sum that can be accurately predicted or approximated in the accounting records.

Interest Calculations

The process of determining the interest payment on a loan or investment, based on the principal, rate, and time.

Merchandise

Merchandise consists of goods that a retailer purchases to sell to its customers for profit.

Journalize

The process of recording financial transactions in a company's journal as part of the accounting cycle.