The Use of Information Systems Facilities to Focus on the Collection

question 118

Multiple Choice

The use of information systems facilities to focus on the collection, organization, integration, and long-term storage of entity-wide data is known as:

• A) data independence
• B) data mining
• C) data redundancy
• D) data warehousing

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Definitions:

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period, displaying its profitability.

Ticket Revenue

Income earned from selling tickets for events such as movies, concerts, sports, or transportation services.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Accumulated Depreciation

The total depreciation of a fixed asset accumulated up to a specified time.