Which of the Following Is an Example of Lost Update

question 10

Multiple Choice

Which of the following is an example of lost update?

• A) The system assigns the last aisle seat on a flight to John whereas Peter receives a window seat, although both indicated preference for an aisle seat
• B) John and Peter receive each a window seat as they both requested
• C) John is initially assigned the last window seat, but this seat is later on assigned to Peter
• D) None of the above

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Definitions:

Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a company at a specific point in time, showing the financial position.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in active markets for identical or similar items.