Users Are the Final Judges as to What Data the Database

question 62

True/False

Users are the final judges as to what data the database should contain and how the records in that database should be related to one another.

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Definitions:

Quick Assets

Assets that can be quickly converted into cash, such as marketable securities and receivables, excluding inventory.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to known amounts of cash and close to their maturity.

Current Receivables

Refers to the money owed to a company that is expected to be received within a year.

Cost

An amount that must be paid or spent to buy or obtain something, often related to the production or purchase of goods and services.