Which of the Following Is NOT a Characteristic of a Computerized

question 9

Multiple Choice

Which of the following is NOT a characteristic of a computerized database?

• A) Records can be organized and sorted in many ways.
• B) Mistakes are automatically corrected.
• C) More than one person can access the data at the same time.
• D) Useful reports can be produced.

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Definitions:

Merchandise Inventory

Finished goods available for sale to customers in a retail or wholesale business.

Periodic Inventory System

An inventory accounting system where inventory levels are updated and cost of goods sold is calculated at the end of an accounting period.

Perpetual Inventory System

A method of keeping track of inventory in real-time, where inventory levels are updated after every sale or purchase transaction.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer is responsible for the cost of shipping and risk of loss from the shipping point.