A(n)________ Is an Error or Inconsistency Within a Database

question 16

Multiple Choice

A(n) ________ is an error or inconsistency within a database.

• A)anomaly
• B)normalization
• C)first normal form
• D)non-key field

Calculate and analyze the gross margin ratio and its significance in assessing company performance.

Differentiate between the perpetual and periodic inventory systems and their journal entries.

Recognize how sales discounts, returns, allowances, and freight costs affect the cost of merchandise and net sales.

Understand the classification and role of operating and non-operating expenses in financial statements.

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Definitions:

Prepaid Expense

An expense paid in advance and recorded as an asset until it is used or consumed.

Bankruptcy Trustee

An appointed individual or entity that oversees and administers the estate of a debtor in a bankruptcy proceeding.

Insolvent Company

A business that is unable to pay its debts as they come due.