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Brad, a project manager, wants to build a database to integrate information about employees and tasks that they handle. Brad wants to track information such as task name, productivity of an employee on daily basis, and employee name. These aspects that Brad wants to track are called ________.
FIFO
First-In, First-Out, an inventory valuation method that assumes the oldest items are sold first.
Units
The basic quantitative measure used in accounting to represent transactions or balances, often referring to production or sales volumes.
Gross Profit
The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.
LIFO
Last In, First Out, an inventory valuation method where the goods purchased or produced last are the first to be expensed.
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