The Three-Schema Approach Includes Which of the Following Schemas

question 106

Multiple Choice

The three-schema approach includes which of the following schemas?

• A) Internal
• B) Logical
• C) Cross-functional
• D) Dissecting

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Definitions:

Tax Purposes

The reason or context within financial and legal frameworks for which taxes are assessed, recorded, and paid, influencing financial decisions and reporting.

Existing Firm

A company or business that currently operates within a market, as opposed to new entrants or startups.

Functioning

Pertains to the operation or performance of a system, component, or organism, denoting how well it works or fulfills its intended purpose.

Make A Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.