The Term ____ Generally Describes a Collection of Data, Organized

question 58

Multiple Choice

The term ____ generally describes a collection of data, organized in a manner that allows easy access, retrieval, and use.

• A) file
• B) database
• C) publication
• D) document

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Definitions:

Variable Cost Method

An accounting method where product costs include variable expenses, changing with the level of output, but exclude fixed costs.

Markup Per Unit

The sum added onto the purchase price of products to account for overhead costs and generate profit.

Unit Selling Price

The amount of money charged to the customer for a single unit of product or service.

Contribution Margin

The difference between sales revenue and variable costs, representing the amount that contributes to covering fixed costs and generating profit.