Briefly describe Bradley's three-level database model
What will be an ideal response?
1. Level 1 is the external, conceptual, or local level. This level is not concerned with how the data is physically stored or what data is used by other applications.
2. Level 2 is the logical or enterprise data level. It encompasses all of the organization's relevant data under the control of the data administrators.
3. Level 3 is the physical or storage level. It specifies the way the data is physically stored.
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An agent may legally represent all principals in the same transaction if:
a. he discloses that he is collecting a commission from each of the principals with the knowledge of the others. b. he obtains the consent of all the parties in the agency relationship. c. he has informed all principals that he is the agent for each principal. d. All of the above.
The obligations of a business that are accumulated during the normal course of a business are
A) accrued liabilities. B) actual liabilities. C) short-term debt. D) long-term debt.