Placing Information in a Relatively Permanent "Warehouse" Is Called

question 65

Multiple Choice

Placing information in a relatively permanent "warehouse" is called:

• A) encoding
• B) retrieval
• C) storage
• D) recording

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Definitions:

Resource Consumption

The amount of resources used by an activity, process, or production.

Activity-based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities that drive those costs.

First-stage Allocation

The initial process of assigning indirect costs to various cost pools in activity-based costing, before applying these costs to products or services.

Parts Administration

The management and oversight of components and parts used in manufacturing or production, including procurement, storage, and distribution.