Which of the Following Shows the Correct Order,from the Simplest,most

question 86

Multiple Choice

Which of the following shows the correct order,from the simplest,most basic data,to the most sophisticated and highly aggregated data?

• A)TPS,MIS,DSS,ESS
• B)DSS,TPS,ESS,MIS
• C)DSS,TPS,MIS,ESS
• D)TPS,DSS,ESS,MIS
• E)None of these.

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Definitions:

Inventory Errors

Mistakes made in counting or valuing inventory that can affect financial statements, including profit, loss, and tax liabilities.

Ending Inventory

The worth of merchandise ready for sale when an accounting period concludes, determined by adding the initial inventory to acquisitions and subtracting the cost of goods sold.

Retail Method

An inventory valuation method based on the retail price of goods, used primarily in the retail sector.

Estimated Inventory

is an approximation of the quantity or value of stock on hand, often used for accounting or planning purposes when an actual count is not feasible.