Which of the Following Principles Is Used for Adding and Removing

question 12

Multiple Choice

Which of the following principles is used for adding and removing items from a queue?

• A) first in first out (FIFO)
• B) last in first out (LIFO)
• C) random order
• D) round robin

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Definitions:

Dollar Sales

A metric that represents the total monetary value of all sales transactions within a specific period, often used in retail and sales analysis.

Target Profit

The desired level of profit that a business plans to achieve within a specific period.

Contribution Format

A format for income statements where all variable expenses are subtracted from sales to calculate contribution margin, which then has fixed expenses subtracted to determine net operating income.

Income Statement

A financial report that shows a company's financial performance over a specific period, including revenues, expenses, and profit or loss.