The Most Recent Purchase Price Becomes the Default for the Next

question 10

Multiple Choice

The most recent purchase price becomes the default for the next invoice when -

• A)the inventory is over stocked
• B)you type in the amount and the quantity,there is no need to calculate unit price
• C)a new price has been entered for an inventory purchase
• D)a sale causes the inventory level to drop below zero

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Definitions:

Pie Charts

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole.

Nominal Data

Data classified into categories that cannot be ordered or ranked, used for labeling variables without a quantitative value.

Frequency

The number of times an event or value occurs in a dataset, often represented in a frequency distribution table or histogram.

Proportion

A mathematical ratio indicating the relationship in quantity, amount, or size between parts of a whole.