Information Is Data Converted into Useful,meaningful Context

question 74

Multiple Choice

Information is data converted into useful,meaningful context.What are data characteristics that change or vary over time?

• A)Facts.
• B)Variables.
• C)Supplies.
• D)Vulnerable.

---

Definitions:

Finished Goods Inventory

Products that are completed and ready for sale but have not yet been sold to customers.

Required Production

The amount of product that must be produced in a specified period to meet customer demand and inventory policy.

Cash Collections

The process of gathering and accounting for all cash received by a business during a specific period of time.

Cost of Goods Sold

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