There Are Two Overall Approaches to Maintaining Data: the Traditional

question 18

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)object-oriented approach
• C)asymmetric approach
• D)indexed file approach

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Definitions:

Lockbox System

A lockbox system is a service offered by banks to companies for the receipt of payment from customers, under which the payments are directed to a special post office box rather than to the company.

Daily Interest Rate

A method of calculating interest where the rate is applied to the principal on a daily basis.

Miller-Orr Model

A financial model used for managing cash balances and optimizing the levels of cash holding based on specified upper and lower limits.