A _____ Is Any Business Event That Generates Data Worthy

question 11

Multiple Choice

A _____ is any business event that generates data worthy of being captured and stored in the organization's database.

• A) function
• B) process
• C) transaction
• D) decision
• E) calculation

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Definitions:

Double Counting

The mistake of including both the value of intermediate products and the value of final products in calculating gross domestic product; counting the same production more than once

Financial Assets

Instruments that represent a financial value, including stocks, bonds, bank deposits, and mutual funds.

Transfer Payments

Cash or in-kind benefits given to individuals as outright grants from the government.

Double-Entry Bookkeeping

An accounting method that records each transaction in two accounts, ensuring that the total debits equals the total credits and maintaining the balance of the accounting equation.