An Important Data Field Found in a Typical Computer Record

question 83

Multiple Choice

An important data field found in a typical computer record of an inventory file that would be vital to purchasing agents would be the inventory item's:

• A)Inventory number
• B)Assembly code
• C)Vendor code
• D)Assembly pointer address

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Definitions:

Cost-Volume-Profit Analysis

A management accounting method used to analyze how changes in costs and sales volume affect a company's profit.

Expected Income

This is the amount of revenue or profit an individual or business anticipates earning over a specific period, often used for budgeting and planning purposes.

Fixed Cost

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums, remaining constant regardless of business activity levels.

Production Level

The quantity of items manufactured or produced in a given period, impacting costs, inventory, and capacity planning.