The Process of Creating Simple Data Structures from More Complex

question 20

Multiple Choice

The process of creating simple data structures from more complex ones,which yields a data model that is very stable and useful across many different requirements,is called:

• A) standardization.
• B) consistency.
• C) normalization.
• D) basic.

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Definitions:

Physical Movement

The actual transfer or change in location of goods, which can be relevant in the management of inventory and supply chains.

Perpetual System

An inventory system that continuously updates the balance of inventory after each purchase or sale.

Average Cost Formula

An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, essentially the net value obtainable.