______ Is a Technology That Enables the Transmission of Routine

question 14

Short Answer

______ is a technology that enables the transmission of routine business documents having a standard format from computer to computer over telephone or direct leased lines.

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Definitions:

Lower Of Cost

In accounting, a principle stating that inventory should be recorded at either its original cost or its market value, whichever is lower.

Market Value

Market value determines an item's current selling price in the marketplace, taking into consideration supply and demand factors.

Inventory Value

The total cost or market value of all the goods and materials held by a company intended for sale.

Beginning Inventory

The total value of a company's inventory at the start of an accounting period.