Why Is the ROUND Function Used in Excel

question 26

Multiple Choice

Why is the ROUND function used in Excel?

• A) to ensure that the values generated are whole numbers
• B) to ensure that the values generated are multiples of ten
• C) to ensure that the values generated are always positive
• D) to ensure that the values are even numbers

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Definitions:

Perpetual Inventory System

A perpetual inventory system continuously tracks inventory levels and costs, updating records with each receipt or sale of goods.

Physical Inventory

The process of counting by hand the actual inventory that a company holds in its premises, as opposed to counting based on purchase and sale records.

Cost Of Goods Sold

Expenses directly incurred from the manufacturing of a company’s goods for sale, such as materials and labor.

Gross Profit

The difference between revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.