Data in a ________ Are Volatile Because Record Transactions

question 6

Multiple Choice

Data in a ________ are volatile because record transactions.

• A)Database
• B)Data warehouse
• C)Data mart
• D)Data silo

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Definitions:

Footnote Disclosure

Additional information provided at the bottom of financial statements, offering more detail on specific figures or accounting policies.

Statement of Retained Earnings

A financial statement that outlines the changes in a company's retained earnings over a specific period.

Expense Recognition

The accounting principle that expenses should be recognized in the period in which they contribute to revenue, following the matching principle.

Amortization

The gradual reduction of a debt over a period of time through regular payments of principal and interest.