The ____ Is a Set of Guidelines Initially Formulated by the UK

question 27

Multiple Choice

The ____ is a set of guidelines initially formulated by the UK government in the late 1980s and widely used today throughout Europe and the United States to standardize,integrate,and manage IT service delivery.

• A) Capability Model Maturity Integration (CMMI)
• B) Control OBjectives for Information and Related Technology (COBIT)
• C) Project Management Book of Knowledge (PMBOK)
• D) IT Infrastructure Library (ITIL)

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Definitions:

Periodic Inventory System

An accounting method that records inventory purchases and sales periodically, often at the end of an accounting period, instead of continuously updating stock levels.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead.

Accounting Period

The specific time period during which financial transactions are recorded and financial statements are prepared, typically a quarter or a year.

Cost of Goods Sold

The total cost directly attributed to the production of goods sold by a company, including materials and labor costs but excluding indirect expenses.