The Data Dictionary Usually Records and Describes a Default Value

question 9

Multiple Choice

The data dictionary usually records and describes a default value, which is the _____.

• A) the set of values permitted for the data element
• B) identification of the user(s) responsible for changing values for the data element
• C) specification for the origination point for the data element's value
• D) value for the data element if a value otherwise is not entered for it

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Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods purchased or produced first are sold or used first.

Ending Inventory

The total value of goods remaining unsold at the end of an accounting period, calculated as a part of the cost of goods sold.

Periodic Inventory System

An accounting method where inventory levels and cost of goods sold are determined at set intervals, typically at the end of an accounting period.

FIFO

First-In, First-Out, a method used in inventory management where the first items placed in inventory are the first to be used or sold.