Technology Allows for the Collection of Every Single Piece of Data

question 16

Multiple Choice

Technology allows for the collection of every single piece of data that is available,provided ______ can be addressed.

• A)relationship
• B)information
• C)data
• D)privacy

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Definitions:

Inventory Safeguarding

Measures and controls implemented by a business to protect its inventory from loss, theft, or damage.

Locked Warehouse

A secured storage facility used to hold goods or collateral, often for financial arrangements or until customs duties are settled.

Cost of Goods Available for Sale

The total cost incurred for the merchandise sold by a company during a specific period, including the cost of inventory at the beginning of the period and purchases made during the period.

Inventory at Year-End

The valuation of unsold goods and materials on hand at the close of a fiscal year, recorded as a current asset on the balance sheet.