What Is One Potential Drawback in the Design and Implementation

question 5

Multiple Choice

What is one potential drawback in the design and implementation of database systems for accounting?

• A) Double-entry accounting relies on redundancy as part of the accounting process but well-designed database systems reduce and attempt to eliminate redundancy.
• B) Relational DBMS query languages will allow financial reports to be prepared to cover whatever time periods managers want to examine.
• C) Relational DBMS provide the capability of integrating financial and operational data.
• D) Relational DBMS can accommodate multiple views of the same underlying data; therefore, tables storing information about assets can include data about both historical and replacement costs.

Identify what constitutes "something of legally sufficient value" in the context of consideration.

Recognize situations where a preexisting duty affects the validity of consideration.

Differentiate between the adequacy of consideration and the factors courts consider in evaluating it.

Understand the applications and limitations of the doctrine of promissory estoppel.

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