After an XML Document Is Created, It Must Be Analyzed

question 117

Multiple Choice

After an XML document is created, it must be analyzed by an XML ____ to ensure that the code is properly formatted.

• A)compiler
• B)parser
• C)analytic
• D)browser

Understand the different types of activities (unit, batch, product, facility) within ABC.

Acknowledge the applicability and flexibility of ABC in both manufacturing and service industries.

Grasp the conceptual foundation of ABC, including the roles of resource drivers and activity drivers.

Understand the concept and importance of cost drivers in managing activities and costs.

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Definitions:

Merchandise Inventory

Merchandise inventory refers to the goods available for sale to customers, which are considered current assets on a company's balance sheet.

Periodic Inventory System

An accounting method where inventory is physically counted at specific periods to determine the cost of goods sold.

FIFO

An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for First In, First Out.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.