Which of the Following Is a Collection of Data Organized

question 161

Multiple Choice

Which of the following is a collection of data organized in a manner that allows access, retrieval, and use of that data?

• A)spreadsheet
• B)formula
• C)database
• D)functional set

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Definitions:

Perpetual Inventory System

An approach to inventory management where updates to inventory records are made in real-time after each purchase, sale, or return transaction.

Shrinkage

The loss of inventory that can occur due to theft, damage, or errors in a company's stock.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances before preparing financial statements.

Operating Expenses

Costs associated with the day-to-day functions of a business excluding the cost of goods sold.