Excel Contains ____ Tools Not Available in Access

question 86

Multiple Choice

Excel contains ____ tools not available in Access.

• A) data storage
• B) copy
• C) calculation
• D) pasting

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Definitions:

First-in First-out

An inventory valuation method where the costs of the oldest inventory items are charged to cost of goods sold first.

Average Cost

A method of calculating the cost of inventory or assets by taking the weighted average of the costs of all similar items in inventory or all assets acquired during a period.

Specific Identification

A method of inventory costing that tracks the cost of individual items or batches of items.

Hardware Store

A retail store specializing in the sale of tools, building materials, and home improvement products.