In File Processing Systems, It Was Easy for Data Elements

question 32

True/False

In file processing systems, it was easy for data elements, such as stock numbers and customer addresses, to be defined differently by different end users and applications.

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Definitions:

Tenant Paid

A term indicating that a tenant is responsible for certain payments, such as utilities or maintenance fees, in addition to rent.

Supplies Used

This term refers to the amount of supplies that have been consumed or utilized during a specific period in business operations.

Adjustment

A modification made to rectify the balance of an account, to reflect accrued expenses or revenues, or to correct errors.

Balance Sheet

An accounting summary showing the assets, liabilities, and owner's equity of a company on a given date.