Which of the Following Is a Continuously Updated Computerized Record

question 20

Multiple Choice

Which of the following is a continuously updated computerized record of inventory items purchased, used, sold, and on hand for merchandise, raw materials, and finished goods?

• A) job cost system
• B) standard cost records
• C) cost accounting records
• D) perpetual inventory master file

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Definitions:

Impressionist Technique

An artistic method developed during the late 19th century that focuses on capturing the momentary effects of light and color.

Additive Colour Mixing

A process of mixing colors of light, where combining different wavelengths of light adds up to produce a new color, as opposed to subtractive color mixing.

Subtractive Colour

A color model that explains the mixing of colors by reducing light that would otherwise be reflected by the substrate.

Binocular Disparity

The difference in image location of an object seen by the left and right eyes, resulting from the eyes’ horizontal separation and providing a basis for depth perception.