What Are Rules That Enforce Basic and Fundamental Information-Based Constraints

question 65

Multiple Choice

What are rules that enforce basic and fundamental information-based constraints?

• A) Information integrity
• B) Integrity constraint
• C) Business-critical integrity constraint
• D) Relational integrity constraint

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Definitions:

Dollar-Value LIFO

An inventory valuation method that uses the last-in, first-out (LIFO) cost flow assumption but measures those costs in dollar values, rather than in physical units, to account for inflation or deflation.

Initial Adoption

The first-time application of a new accounting principle, standard, or policy by a company in its financial reporting.

Periodic System

An inventory accounting system where inventory levels are updated and the cost of goods sold is calculated periodically at the end of a reporting period.

Dollar-Value LIFO

A variation of the LIFO (Last-In, First-Out) method that measures increments in pools of like items in dollar terms rather than quantities.