Which One of the Following Is NOT a Named Symbol

question 8

Multiple Choice

Which one of the following is NOT a named symbol in a flow process chart?

• A) An operation
• B) Storage
• C) A movement
• D) A delay
• E) A selection

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the costs of the most recently produced or purchased items are recorded as sold first.

Inventory Unit Costs

The expense associated to procure or manufacture each unit of inventory, vital for calculating cost of goods sold and profitability.

Inventory Turnover

A ratio showing how often a company's inventory is sold and replaced over a certain period of time.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.