____ Involves the Creation of Mathematical Equations to Calculate Various

question 95

Multiple Choice

____ involves the creation of mathematical equations to calculate various network values.

• A) Linear projection
• B) Benchmarking
• C) Computer simulation
• D) Analytical modeling

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Definitions:

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to update the balances of accounts.

Closing Entries

These are journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Inventory

The complete quantity of products and materials a company possesses for the purposes of sale or utilization in manufacturing processes.

Perpetual Inventory System

An inventory management method where stock levels are updated in real-time with every sale or purchase.