What is the difference between structured and unstructured data?
What will be an ideal response?
Structured data is typically either numeric or categorical and can be organized and formatted in a way that is easy for computers to read, organize, and understand. Unstructured data, on the other hand, contains non-numeric information that is not as easily organized and understood by computers. The text of an email is an example of unstructured data.
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Morris Company established a petty cash fund with a $400 balance. Which of the following statements is incorrect?
A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $400. B) There is no net effect on current assets. C) The sum of the cash plus the total of the petty cash tickets should equal $400 at all times. D) The petty cash custodian cashes a check for $400 and places the currency in the petty cash fund box.
A self-assessment:
a. identifies individual strengths and weaknesses. b. reveals our level of "bad luck". c. should be shared with our superiors. d. None of the above.