The Essential Characteristics of the Database Approach to Data Processing

question 112

Multiple Choice

The essential characteristics of the database approach to data processing of accounting data requires that

• A) data storage is integrated into a single database.
• B) separate processing routines are required for separate files.
• C) all access to integrated files is through a single software system.
• D) data storage is integrated into a single database and all access to integrated files is through a single software system.

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Definitions:

Communist Central Planning

An economic system where all major production decisions are made by the government, with an aim of allocating resources according to a comprehensive plan.

Entrepreneurs

Individuals who start and run businesses, taking on financial risks in the hope of profit.

Circular Flow Model

An economic model that depicts how money and goods move through different sectors in an economy, including households, businesses, and governments.