What is transaction data commonly referred to as?

What is transaction data commonly referred to as?

• A. T1
• B. T3
• C. T2
• D. T4

Answer: (B)

Transaction data captures the details of each stock movement or business event as it happens. It records what item, how many units, where it moved from and to, the date and time, the price or cost, and who initiated the transaction. This kind of data is highly dynamic and updates with every event, which is why it’s used to adjust inventory counts, track costs, and maintain audit trails. In this framework, such event-focused information is labeled as T3. The other data types describe static or planning-related information—like item definitions, supplier records, or forecasting rules—that don’t reflect a single movement and thus aren’t transaction data.

Transaction data captures the details of each stock movement or business event as it happens. It records what item, how many units, where it moved from and to, the date and time, the price or cost, and who initiated the transaction. This kind of data is highly dynamic and updates with every event, which is why it’s used to adjust inventory counts, track costs, and maintain audit trails. In this framework, such event-focused information is labeled as T3. The other data types describe static or planning-related information—like item definitions, supplier records, or forecasting rules—that don’t reflect a single movement and thus aren’t transaction data.