What Is It Called When Each Transaction, Entity, and Event

question 68

Multiple Choice

What is it called when each transaction, entity, and event is represented only once in the information?

• A) Uniqueness
• B) Accuracy
• C) Consistency
• D) Timeliness

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Definitions:

Inventory Value

The total cost or market value of all the goods and products held by a company intended for sale.

Replacement Cost

The current cost of replacing an asset with another of similar kind and same utility without considering depreciation.

Non-Cancellable

Describes a contract or agreement that cannot be terminated or annulled by either party without facing penalties.

Fixed Price

Refers to the set cost of a good or service that does not change regardless of variations in the market or production costs.