________ Is the Control of Enterprise Data Through Formal Policies

question 85

Multiple Choice

________ is the control of enterprise data through formal policies and procedures to help ensure that data can be trusted and are accessible.

• A)Data governance
• B)Master data management
• C)Business strategy
• D)Data standardization

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis rather than continuously.

Perpetual Inventory System

An accounting method that records inventory purchases and sales in real-time, providing a continuous account of inventory balances.

Cost Of Goods Sold

The direct costs attributed to the production of the goods sold by a company, including materials and labor.

ASPE

Accounting Standards for Private Enterprises, a set of accounting standards for private companies in Canada.