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The Ability to Collect and Combine Sensory Data and Then

question 73

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The ability to collect and combine sensory data and then construct information from it is ________.


Definitions:

Sales Tax

A tax on sales or on the receipts from sales.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, often due to a return or overcharge.

Perpetual Inventory System

In accounting for inventory, this method promptly captures the transaction of a sale or purchase using advanced computerized point-of-sale systems and enterprise asset management software.

Cost of Goods Sold

The total cost of manufacturing or acquiring the inventory that was sold during a specific period.

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