The Design Criterion Concerned with Avoiding the Collection and Maintenance

question 45

Multiple Choice

The design criterion concerned with avoiding the collection and maintenance of the same data items in more than one place in the organization is

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

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Definitions:

Fire Damages

Destruction or damage inflicted to property, goods, or assets due to fire.

Insurance Money

Funds received from an insurance company either as a claim settlement or benefit payment.

Short-rate Penalty

A Short-rate Penalty is a fee charged to policyholders who cancel their insurance policy before it expires, calculating the refund using a method that is less favorable than pro-rata.

Annual Premiums

The amount paid on an annual basis for insurance coverage, which can pertain to various types of insurance policies.