The Process of Changing Data from Its Original Form to a Format

question 12

Multiple Choice

The process of changing data from its original form to a format suitable to achieve the research objective is known as:

• A) data manipulation.
• B) data mining.
• C) data validation.
• D) data transformation.

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Definitions:

Perpetual Inventory System

An accounting technique that instantly records the sale or purchase of inventory using computerized point-of-sale systems and enterprise asset management software.

FIFO

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

Ending Inventory

The worth of items ready for sale at the conclusion of an accounting cycle, determined by adding the initial inventory to acquisitions and subtracting the cost of goods sold.

Perpetual Inventory System

A financial recording approach that instantly logs inventory transactions upon sale or purchase using electronic point-of-sale systems and enterprise resource planning software.