Match the Following Five Terms to Their Meanings

question 81

Multiple Choice

Match the following five terms to their meanings:
i.database
II.data
III.information
IV.functions
v.arguments

• A)Predefined formulas that perform calculations by using specific values.
• B)The specific values used to perform calculations.
• C)Data that is organized in a useful manner.
• D)Facts about people,events,things,or ideas.
• E)An organized collection of facts related to a particular topic or purpose.

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Definitions:

Credit Sales

Sales made by a business where payment is deferred to a future date, typically involving an agreement or terms of credit.

Budgeted Cost of Raw Material

An estimate of the total cost of all raw materials required for production for a certain period, used in budget preparation.

Required for Production

Required for production denotes the essential resources, materials, labor, and capacity needed to manufacture a product or carry out a production process.

Budgeted Selling Price

The projected price at which a company expects to sell its goods or services in the market during a specific period.