Match Each Term with a Statement Below

question 44

Multiple Choice

Match each term with a statement below.

-Is lost when the program ends or the computer loses power

• A)files
• B)kilobytes
• C)characters
• D)random access file
• E)master file
• F)megabytes
• G)volatile storage
• H)fields
• I)gigabytes
• J)nonvolatile storage

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period.

Units

A measurement of quantity representing how many pieces, items, or parts are considered in transactions, production, or inventory counts.

Generally Accepted Accounting Principles

A set of accounting standards and practices that are used to prepare financial statements in the U.S., ensuring consistency and comparability.

Budgeting

Involves creating a plan to allocate resources and revenues over a specified period, often used for financial planning and control.