Storing Data Remotely on Servers Accessed Through the Internet Is

question 23

Multiple Choice

Storing data remotely on servers accessed through the Internet is often called

• A) cloud storage.
• B) distributed hard drive.
• C) random access memory.
• D) solid state memory.
• E) virtual memory.

Recognize how inventory and cost of goods sold (COGS) are managed within QuickBooks.

Compare and contrast the accounting processes between service and merchandising companies.

Learn to adjust accounts for supplies on hand at the end of the accounting period.

Understand how to view and edit account preferences and settings in QuickBooks.

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Definitions:

Dividing

The arithmetic operation of distributing a quantity into equal parts or groups.

Current Year CPI

The Consumer Price Index for the current year, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, often used as an indication of inflation.

Base Year

A reference year used for comparative analysis, often in calculating economic indicators like indexes.