Normalization Involves Assuring That Each Field Within a Relation Depends

question 51

Short Answer

Normalization involves assuring that each field within a relation depends only on the _____ for that relation.

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Definitions:

Liabilities

Financial obligations or debts owed by a company to external parties, which must be settled over time through the transfer of economic benefits.

Assets

Resources owned by a company that have economic value and can be measured and expressed in monetary terms.

Financial Accounting

The branch of accounting that focuses on the preparation of financial statements for external use, adhering to standardized guidelines.

External Decision Makers

Individuals or entities outside of a company that use its financial information to make decisions, such as investors and creditors.