Which of the Following Defines a Master File in a Computerized

question 47

Multiple Choice

Which of the following defines a master file in a computerized system?

• A) A file for storing data on pending items such as sales orders
• B) A file for storing data on day-to-day operations such as sales
• C) A file for storing detailed information about general ledger control accounts (similar to a subsidiary ledger)
• D) A file for storing backup data

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Definitions:

Product Costs

Costs that are incurred to acquire or manufacture a product, including direct materials, labor, and overhead expenses.

Period Costs

Expenses that are not directly tied to the production of goods and are instead accounted for as expenses in the period they are incurred.

Direct Materials

The raw materials directly traced and integral to the finished product in the manufacturing process.

Work in Process

Inventory that includes goods partially through the production process but not yet complete.