A Collection of Data Stored on a Computer in a Form

question 63

Multiple Choice

A collection of data stored on a computer in a form that allows the data to be easily accessed, retrieved, manipulated, and stored is referred to as a(n) :

• A)Accounting Information System
• B)Information Technology
• C)Database
• D)Master File

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Definitions:

Contribution Format

A type of income statement where fixed and variable costs are separated to calculate contribution margin.

Traditional Format

A method of organizing income statement or other financial statements using a conventional structure, typically separating costs into fixed and variable categories.

Variable Selling Expense

Costs that vary directly with the volume of sales or production, such as commissions and shipping charges.

Fixed Selling Expense

The costs associated with selling a product or service that do not vary with sales volume, such as salaries of sales staff and advertising expenses.