Which of the following is not a problem usually associated with the flat-file approach to data management?
a. data redundancy
b. restricting access to data to the primary user
c. data storage
d. currency of information
B
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Romney Company exchanged one business automobile for a replacement automobile. The old automobile had an original cost of $40,000, a book value of $16,000, and a fair value of $24,000 when exchanged. In addition, Romney paid $9,000 cash to acquire the replacement automobile. The list price of the replacement automobile was $45,000. The replacement will help generate significantly greater cash
flows in the business. At what amount should the replacement automobile be recorded for financial accounting purposes? A) $24,000 B) $30,000 C) $33,000 D) $35,000
The Holder in Due Course rule:
A. states that all defenses available to the purchaser against the seller are also available against the holder in due course. B. alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses. C. creates a warranty claim or defense where the product is sold "as is." D. eliminates rights that the consumer may have as a matter of federal, state, or local law.
A production-oriented firm focuses on its internal capabilities
Indicate whether the statement is true or false a. True b. False
According to Clark (2003), to innovate a basic product in the period ____________ a biotechnology firm would need not only highly skilled, knowledgeable, and professional staff, but would also have to account for public opinion, regulatory bodies, bioethics and so on.
a. World War II to 1980s b. 1980s to 1990s c. 1990s to now d. None of the above, it’s always been like this