A New Average Cost Is Calculated After Each Purchase When

question 113

Multiple Choice

A new average cost is calculated after each purchase when a business is using which of the following methods?

• A) Specific-unit-cost
• B) Average-cost
• C) Last-In, First-Out
• D) First-In, First-Out

---

Definitions:

Long Text Fields

Database fields designed to store extensive amounts of text, such as descriptions or comments, allowing for detailed data entry.

Append Only

A setting in databases that allows data to be added but not deleted or modified, ensuring a historical data trail.

Indexed Property

A characteristic of database fields that allows for faster retrieval and searching of data by creating an index.

Caption Property

An attribute in software development that specifies the text label for a form control or table field.