A Flat File Is a Double Table of Data with User-Defined

question 47

True/False

A flat file is a double table of data with user-defined attributes.

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Definitions:

Deductibles

In insurance, the amount that the insured must pay out-of-pocket before the insurance company pays its share of the expenses.

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, often provided by employers or purchased individually.

Adverse Selection

A situation where asymmetry of information results in high-risk individuals being more likely to participate in an agreement or market, leading to an inefficient outcome.