To Understand and Define the Contents of Data Flows and Data

question 86

Multiple Choice

To understand and define the contents of data flows and data store,system builders use

• A)a data dictionary.
• B)process specifications diagrams.
• C)user documentation.
• D)data flow diagrams.
• E)systems analysis.

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Definitions:

Physical Inventory

The process of counting by hand all physical inventory items in a business at a specific point in time, to ensure accuracy of accounting records.

LIFO

"Last In, First Out," an inventory valuation method where the last items purchased are the first ones sold.

Inventory Profits

The increase in inventory value above its cost, typically due to price increases or valuation adjustments.

Direct Disposal Costs

Expenses specifically associated with the removal or disposal of a fixed asset or waste materials from an organization.