A major advantage of relational databases is: A. All records are stored together B. No pointers are used C. An expandable index is used D. It closely resembles a flat file E. None of above Which of the following is not an objective of a computerized database? A Minimize data redundancy B Make efficient use of storage media C Reduce the data-gathering responsibilities of some subsystems within the organization D Reduce the decision-making functions of subsystem managers E None of above The process of data normalization refers to: A. Eliminating data errors and other problems from "normal data" B. Scaling data to values between zero and one C. Storing data in normal storage media such as hard disks E. none of these The proper sequence of events for the accounting cycle is: A. Journalize, post, trial balance, adjusting entries, financial statements, and closing entries. B. Journalize, post, trial balance, adjusting entries, closing entries, and financial statements. C. Journalize, post, adjusting entries, trial balance, closing entries, and financial statements. D. Trial balance, adjusting entries, journalize, post, closing entries, and financial statements. E. None of above Which of the following, withing the corporation, usually has physical custody of securities held as investments? A. Chief operation officer. B. President/CEO. C. Controller. D. Chief financial officer. E. None of above The external general purpose financial statements/reports are the: 1. Aged accounts payable report. 2. Aged accounts receivable report. 3. Balance sheet. 4. Income statement. 5. Inventory statement. 6. Statement of cash flows. 7. Statement of retained earnings. A. 1, 2, 3, 4, 5, 6, and 7. B. Only 1, 2, 3, 4, 6, and 7. C. Only 3, 4, 6, and 7. D. Only 1, 3, 4, 6, and 7. E. None of above