Which of the Following Lists Represent the Sequence of Elements

question 55

Multiple Choice

Which of the following lists represent the sequence of elements in developing the conceptual design specifications?

• A)Input,data storage,processing procedures and operations,and output.
• B)Input,output,data storage,and processing procedures and operations.
• C)Output,data storage,input,and processing procedures and operations.
• D)Processing procedures and operations,input,data storage,and output.

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Definitions:

Payables Period

The average period of time it takes for a business to pay off its debts to suppliers.

Credit Sales

Sales transactions where the payment is deferred, allowing the buyer to pay at a later date.

COGS

The Cost of Goods Sold represents the direct expenses related to the production of goods that a company sells.

Accounts Payable

Amounts a company owes to suppliers for goods or services acquired on credit.