Which Element of Design Specification Will Help the Project Team

question 73

Multiple Choice

Which element of design specification will help the project team find an efficient way to collect data for preparing sales reports?

• A) data collection
• B) input
• C) output
• D) processing procedures

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Definitions:

Supplies Account

An account that tracks the cost of supplies not yet used by a business.

Adjusting Entry

An accounting entry made into a ledger after the end of the accounting period to allocate income and expenditure to the period in which they actually occurred.

Prepaid Rent

An expense that is paid in advance and recorded as an asset on the balance sheet until it is realized as an expense over time.

Rent Expense

The cost incurred from leasing a property or equipment for business operations, typically recognized in the income statement.