Case-Based Critical Thinking Questions Case 1 - PetPals

question 4

Multiple Choice

Case-Based Critical Thinking Questions Case 1 - PetPals
You have been hired by PetPals Veterinary Clinic to modify an application. The application is used to enter and save all patient (pet) information obtained during an office visit.
The data entered by the users is currently stored in properties of controls of the form. Your first task to improve the application is to ____.

• A) declare variables for all of the input data
• B) rename the controls
• C) change the layout of the form
• D) add a colorful logo to the form

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Definitions:

LIFO

"Last In, First Out," an inventory valuation method where the last items to be added to inventory are the first ones used or sold.

FIFO

An inventory valuation method where the first items purchased or produced are the first ones sold, affecting the costs of goods sold and ending inventory.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overheads, interest, taxes, and other expenses.

FIFO

First In, First Out, an inventory valuation method where the earliest items added to inventory are the first to be removed, impacting cost of goods sold and inventory valuation.