A Primary Key That Consists of More Than One Attribute

question 47

Multiple Choice

A primary key that consists of more than one attribute is called a:

• A) foreign key.
• B) composite key.
• C) multivalued key.
• D) cardinal key.

Identify the proper classification of assets on the balance sheet.

Recognize the principles and accounting treatment for depreciation of fixed assets.

Differentiate between the methods of depreciation and calculate depreciation expense.

Understand the treatment and implications of expenditures after initial asset acquisition.

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Definitions:

Cost-Cutting Project

An initiative aimed at reducing expenses in order to improve profitability.

Reduction in Costs

Efforts or strategies implemented to decrease expenses and improve efficiency in a business operation.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Stand-Alone Principle

An evaluation method in project management and capital budgeting where a project is assessed on its own merits without considering the company's overall financial position.