A Database Can Best Be Described as ________

question 111

Multiple Choice

A database can best be described as ________.

• A)data that has been converted into information
• B)data gathered at random from a variety of sources
• C)a centralized integrated collection of the organization's data resources
• D)a loose collection of ideas

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Definitions:

Installment Note

A debt or loan that is repaid over time with a set number of scheduled payments, typically including both principal and interest.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, payable over a certain period to the lender as compensation for the loan.

Installment Note

A debt instrument that requires a series of periodic payments, often including both principal and interest, over a set period of time.

Carrying Amount

The value of an asset or liability as reported in a company's financial statements, reflecting adjustments like depreciation or amortization.