Codes Are Rules for ____ Data

question 49

Multiple Choice

Codes are rules for ____ data.

• A)interpreting
• B)classifying
• C)recording
• D)all of the above

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Definitions:

Benefits of Budgeting

The advantages of planning and controlling an organization's or individual's finances, such as better decision-making and financial stability.

Budgeting Process

The procedure by which an organization estimates its future income and expenditures.

Safety Stock

An additional quantity of an item held in inventory to reduce the risk of stockouts due to uncertainties in demand or supply.

Budgeted Production

An estimate of the quantity of products or services a business plans to produce over a certain period, used for planning and control purposes.