Fill in the Blank with One of the Words or Phrases

question 105

Multiple Choice

Fill in the blank with one of the words or phrases listed below.

-A is a finite sum of terms in which all variables are raised to nonnegative integer powers and no variables appear in any denominator.

• A) monomial
• B) binomial
• C) quadratic equation
• D) polynomial

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Definitions:

Gross Method

An accounting approach for recording purchases at the invoice price without deduction of any cash discounts offered.

Perpetual Inventory System

A strategy for managing inventory accounting that utilizes computerized point-of-sale systems and enterprise asset management software to immediately document sales or purchases.

Accounts Payable

Obligations a business has to its creditors, arising from the purchase of goods and services on credit.

Perpetual Inventory System

A system for accounting inventory that instantly captures the transactions of buying or selling via computerized point-of-sale systems and software for enterprise asset management.