Random Access Files Are More Effective Than Sequential Files For

question 12

Multiple Choice

Random access files are more effective than sequential files for:

• A) Instant access to data.
• B) Updating data easily.
• C) Inserting data into the file without destroying other data.
• D) All of the above.

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Definitions:

Net Income

The final income of a firm following the deduction of all expenditures, taxes, and interest from the gross revenue.

Dividends

Payments made by a corporation to its shareholder members, usually as a distribution of profits.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, revealing profit or loss.

Retained Earnings

Retained earnings are the portion of a company’s profits that is kept or retained rather than being paid out as dividends to shareholders or reinvested into the business.