The AbacusLaw Software Uses Four Main Databases to Store Information

question 13

Multiple Choice

The AbacusLaw software uses four main databases to store information:

• A) Names, Events, Matters, and Documents.
• B) Names, Events, Matters, and Contacts.
• C) Events, Matters, Documents, and Contacts.
• D) Events, Matters, Documents, and Posts.

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Definitions:

Job Order Costing System

An accounting method that accumulates costs individually for each job, suitable for manufacturing upon specific orders.

Process Costing System

An accounting methodology used for homogenous products, allocating production costs to units based on the process they go through.

Equivalent Units

A concept used in process costing to convert partially completed units into a number of equivalent full units.

Job Order Costing

An accounting system used to calculate the cost of individual jobs or batches, assigning manufacturing costs based on the specific jobs completed.