The Format That Organizes Information in Labeled Columns and Numbered

question 27

Multiple Choice

The format that organizes information in labeled columns and numbered rows is ________ format.

• A) tabular
• B) graphical
• C) matrix
• D) container

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Definitions:

Perpetual Inventory System

An inventory management system that continuously updates the quantity and value of inventory on hand and sold.

Merchandise Inventory Account

An account that tracks the cost of goods available for sale to customers during an accounting period.

Service Businesses

Companies that earn revenue primarily through providing intangible products, such as services or expertise, rather than selling physical goods.

Merchandising Business

A type of business that purchases products from other businesses and sells them to customers.