What Acronym Represents a Consortium of Companies from Many Industries

question 47

Multiple Choice

What acronym represents a consortium of companies from many industries who are working together to develop solutions to allow users to reduce the risk of fraud by securely accessing services and conducting financial transactions without using password authentication?

• A)IoT
• B)FIDO
• C)EFS
• D)SoC

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Definitions:

Ending Inventory

The final valuation of goods available for sale at the conclusion of a reporting period, calculated using beginning inventory plus purchases minus cost of goods sold.

Lower Of Cost

A principle that requires inventory to be recorded at the lower of its historical cost or the market value.

Market Method

A valuation method that prices assets or liabilities based on current market prices or values.

Original Costs

The initial monetary value paid or incurred for an asset, including purchase price and any additional charges necessary to bring it to its current location and condition.