Data Collected Repeatedly Over Successive Periods of Time Are Called

question 133

Multiple Choice

Data collected repeatedly over successive periods of time are called

• A)cross-sectional data.
• B)time-analysis data.
• C)logarithmic data.
• D)topographic data.
• E)time-series data.

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Definitions:

Direct Material

Raw materials that are directly traceable to the production of a specific good or service.

Purchased

Refers to items or services that have been bought by a company from outside suppliers.

Raw Materials Inventory

Stocks of the basic raw materials that are input into a manufacturing process and are waiting to be processed or used.

Ending Balance

The amount of money or value in an account at the end of a financial reporting period, after all additions and subtractions have been accounted for.