The term “database”. Introduction: Database management systems (DBMS): It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

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Answer 1

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Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

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Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

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Citibank is a US Bank which lost US$500 million due to human error in August 2020. Read the case noted in the link below, and answer the following questions: https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/ Develop a risk management programme appropriate for this case (use attached template) Explain how compliance to this risk management programme can prevent the operation risk issue experienced by Citibank. Discuss the importance of an internal risk assessment and auditing process in relation to this case Step 1 Risks Brief description & how it relates to the case Step 2 List of possible risks Likelihood/Probability of occurrenceH/M/L or Nil Impact (if occurred)H/M/L or Nil What is being done about it now What more can be done about it Dept. where risk exposure exists Step 3 Risk identified Impact (if occurred)H/M/L Probability of occurrenceH/M/L Dept. where risk…

Citibank is a US Bank which lost US$500 million due to human error in August 2020. Read the case noted in the link below, and answer the following questions: https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/ Develop a risk management programme appropriate for this case (use attached template) Explain how compliance to this risk management programme can prevent the operation risk issue experienced by Citibank. Discuss the importance of an internal risk assessment and auditing process in relation to this case Step 1 Risks Brief description & how it relates to the case Step 2 List of possible risks Likelihood/Probability of occurrenceH/M/L or Nil Impact (if occurred)H/M/L or Nil What is being done about it now What more can be done about it Dept. where risk exposure exists Step 3 Risk identified Impact (if occurred)H/M/L…

Citibank is a US Bank which lost US$500 million due to human error in August 2020. Read the case noted in the link below, and answer the following questions: https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/ Develop a risk management programme appropriate for this case (use attached template) Explain how compliance to this risk management programme can prevent the operation risk issue experienced by Citibank. Discuss the importance of an internal risk assessment and auditing process in relation to this case

Answer 2

Question

Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

Expert Solution & Answer

Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

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Answer 3

Question

Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

Expert Solution & Answer

Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

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Answer 4

Question

Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

Expert Solution & Answer

Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

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Answer 5

Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

Expert Solution & Answer

Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

Answer 6

Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

Expert Solution & Answer

Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

Answer 7

Chapter 5, Problem 1RQ

Summary Introduction

To explain: The term “database”.

Introduction:

Database management systems (DBMS):

It is computer software for creating and managing databases. The DBMS provides a way for the users to create, update, retrieve and manage the data present in the database. It also supports the administration and use of the database on different platforms.

Answer 8

Expert Solution & Answer

Explanation of Solution

Database:

It is a well-organized collection of data which is stored and accessed electronically with the help of a computer. The data is organized into rows and columns in a table and in an indexed manner so that it can be easy to find the appropriate information. The data present in the database gets updated as data is added, deleted and expanded. It is an electronic filing system organized fields followed by records and finally into files.

Answer 9

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Answer 10

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Answer 11

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