Match the Following Terms with Their Description

question 47

Essay

Match the following terms with their description:
I. Form
II. Report
III. Macro
IV. Sort
V. Filter
A. A way of displaying data in which the data cannot be changed
B. Changes the order of how records are displayed
C. Using this is the normal way of entering data
D. Limits the amount of data displayed
E. A stored set of commands

---

Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced items are sold first.

Computed Amounts

Quantitative values determined through calculations or algorithms, often used in financial statements and analyses.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than continuously.