Match the Following Data Types to Their Definitions

question 49

Short Answer

Match the following data types to their definitions:
I. Short Text
II. Long Text
III. OLE Object
IV. Yes/No
V. Lookup Wizard
A. can hold up to 255 characters
B. formerly Memo data type
C. contains something created by another application
D. limits field values to on and off, for example
E. creates a field to choose a value from another table

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Definitions:

Projected Benefit Obligation

Projected Benefit Obligation is the present value of expected future payments required to fulfill pension or other post-employment benefit plans.

Funded Status

The financial metric used to evaluate the financial health of a pension plan, indicating the difference between the plan assets and liabilities.

Defined Benefit Plan

A type of pension plan where the employer guarantees a specified pension payment in retirement, based on factors like salary history and duration of employment.

Defined Contribution Plan

A type of retirement plan in which the employer, employee, or both make contributions on a regular basis, but the future payout is not defined.