Technician a Says Computer Databases Are Used to Input and Retrieve

question 115

Multiple Choice

Technician A says computer databases are used to input and retrieve customer information for billing, warranty work, and other information. Technician B says that dealerships have access to manufacturer databases for the purpose of accessing warranty information. Who is correct?

• A) Technician A
• B) Technician B
• C) Both A and B
• D) Neither A nor B

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Definitions:

Ending Inventory

The worth of merchandise on hand for purchase at the conclusion of a financial period.

Equivalent Units

Equivalent units are a calculation in process costing that converts partially completed units into a number of equivalent fully completed units.

Weighted-Average Method

A cost flow assumption used in inventory valuation and process costing that smooths out price variations by averaging the costs.

Materials

The physical components used in the production of goods, including both raw inputs and manufactured parts.