If the FIFO Inventory Method Was Used Last Period, It

question 119

Multiple Choice

If the FIFO inventory method was used last period, it should be used for the current and following periods because of

• A) relevance.
• B) neutrality.
• C) understandability.
• D) consistency.

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Definitions:

Multiuser Operating System

An operating system that allows multiple users to access the computer system simultaneously and share its resources.

File Path

The exact location or address where a specific file is stored on a computer or network, typically consisting of a sequence of directories.

Interrupt

A signal that tells the operating system that it’s in need of immediate attention.

Keystroke

A keystroke is an action of pressing a key on a keyboard or keypad, which results in an input signal to a device or application.