Which of the Following Is Unlikely to Be a Question

question 29

Multiple Choice

Which of the following is unlikely to be a question that needs answering during the preparation of systems documentation?

• A)Who is involved?
• B)What activities occur?
• C)Where do the activities occur?
• D)What are the costs of performing the activities?

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Definitions:

Retail Method

The retail method is an accounting technique used to estimate inventory value by converting the retail price of inventory to cost based on a cost-to-retail price ratio.

Estimated Inventory

An approximate valuation of inventory, used when an exact figure cannot be easily determined.

Retail Method

An accounting procedure for estimating the value of a store's merchandise by using the cost to retail price ratio.

Manufacturing Businesses

Companies that produce new products from raw materials through various processes, machinery, and operations.