Using a Wireless Technology Known as _________, Many Smartphones Can

question 44

Multiple Choice

Using a wireless technology known as _________, many smartphones can now be tapped on special payment devices to complete your purchase at select stores.

• A) Wi-Fi
• B) NFC
• C) Bluetooth
• D) SMS

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Definitions:

LIFO

An acronym for "Last In, First Out," a method used in inventory management and accounting to value inventory and calculate cost of goods sold.

Taxable Income

Taxable income is the amount of an individual's or a company's income used to calculate how much tax they owe to the government in a given tax year.

Tax Advantage

Financial benefits granted by government taxation policies, such as deductions, exclusions, or credits, to encourage certain activities or investments.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or completion.