Right Answer: The plus (+) operator in SQL Server 2005 can function as:
1. Arithmetic addition for numeric values.
2. String concatenation for character strings.
3. A way to indicate outer joins in certain join syntax (though this usage is deprecated).
Right Answer: Merging is the process of combining data from two or more sources into a single dataset, often used to consolidate records or integrate changes in data. In SQL Server, this can be done using the MERGE statement, which allows you to insert, update, or delete records in a target table based on matching conditions with a source table.
Right Answer: Statutory taxation refers to taxes imposed by law, which must be paid by individuals and businesses as mandated by government regulations.
Right Answer: EMD stands for Earnest Money Deposit. It is a sum of money paid to demonstrate a buyer's commitment to a transaction, often in real estate or bidding processes.
Right Answer: A manufacturing company produces goods, a sales company sells products, and a service company provides services rather than physical products.
Right Answer: Direct taxation is a tax paid directly to the government by the individual or organization on their income or profits, such as income tax and corporate tax. Indirect taxation is a tax collected by an intermediary from the person who bears the ultimate economic burden of the tax, such as sales tax, VAT, and excise duty.