Four Common Sources of Internal Data Supplied to Internal Databases

question 49

Multiple Choice

Four common sources of internal data supplied to internal databases include the accounting department,operations,the salesforce and the ________.

• A)owners
• B)stockholders
• C)marketing department
• D)competition
• E)Web

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Definitions:

Finished Goods Inventory

Items that have been completed by the manufacturing process and are ready for sale to customers.

Control Accounts

General ledger accounts that summarize the balances of a group of subsidiary accounts, facilitating the organization and verification of financial information.

Costing System

A method used by businesses to determine the cost associated with producing a product or offering a service, taking into account factors like materials, labor, and overhead.

Job Cost Sheet

A document used to record the costs associated with a specific job or project, tracking materials, labor, and overhead.