When Businesses Store Data Items on Computer Systems,they Are Often

question 54

Short Answer

When businesses store data items on computer systems,they are often stored in a framework called the data ____________________ that describes the relationships between data components.

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Definitions:

Freight Costs

Expenses incurred by a company to ship its products to customers, usually varying based on distance and weight.

Inventory Account

An accounting record that tracks the cost of goods available for sale or used in production.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Gross Profit

The difference between the revenue generated from selling goods or services and the cost of those goods sold, excluding other operating expenses.