The Design Criterion Concerned with Using the Same Format and Name

question 128

Multiple Choice

The design criterion concerned with using the same format and name for data items used in more than one place is

• A) uniformity.
• B) flexibility.
• C) integration.
• D) standardization.

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Definitions:

Compounded Monthly

Interest calculation method where interest is added to the principal balance each month, and future interest is calculated on the new total.

Annual Percentage Rates

A measure of the cost of credit, expressed as a yearly rate, including interest and other charges.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.