The _____ Is a Widely Used Method of Visualizing and Documenting

question 15

Multiple Choice

The _____ is a widely used method of visualizing and documenting software systems design.

• A) Unified Modeling Language (UML)
• B) total cost of ownership (TCO)
• C) functional decomposition diagram (FDD)
• D) Rapid Economic Justification (REJ)

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Definitions:

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a certain period, indicating the efficiency of inventory management.

Perpetual Inventory System

An inventory management approach where updates to inventory records are made in real-time following each transaction or event.

LIFO

A stock valuation method that assumes the items most recently purchased or produced are sold first, impacting cost of goods sold and inventory value.

Inventory Turnover

A ratio that shows how many times a company has sold and replaced its inventory over a certain period, indicating efficiency in managing stock.