ESS

question 22

Multiple Choice

ESS:

• A)support the structured decision making of senior executives.
• B)have the ability to drill down into lower levels of detail.
• C)easily integrate data from different systems.
• D)are primarily driven by information derived from a company's transaction processing systems.
• E)enable operational managers to create parameterized reports.

---

Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the sum of beginning inventory plus purchases minus cost of goods sold.

Periodic Inventory System

A method of inventory accounting where updates to inventory levels are made at specific periods, such as monthly or annually, rather than continuously.