Databases Were Originally Developed to Address Which Problem

question 49

Multiple Choice

Databases were originally developed to address which problem?

• A)to replace the double entry-system
• B)to address the proliferation of master files
• C)to increase the speed that an organization could process transactions
• D)to decrease the costs associated with manual accounting systems

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Definitions:

Stocks

Shares of ownership in a company, representing a claim on part of the company's assets and earnings.

Fiat Money

Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

The Euro

The official currency of 19 out of the 27 European Union countries, which forms a significant part of the world's economy.

Specialization In Production

The process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies.