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To answer the following questions, refer to the database below.
-When requiring a user to select from a list to enter data, such as the state in an address, the database is conforming to which database integrity rule?
Inventory Valuation
The process of estimating the value of a company's inventory at cost or market value, whichever is lower.
LIFO
Last In, First Out, an inventory accounting method where the most recently produced items are recorded as sold first.
FIFO
"First In, First Out," an inventory valuation method where goods purchased or produced first are sold or used first.
Exchange Gain
A profit resulting from foreign currency transactions, due to favorable changes in exchange rates.
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