The Quick Access Tool Bar Gives You One-Click Access to Commonly

question 10

True/False

The Quick Access Tool bar gives you one-click access to commonly executed tasks such as saving a file or undoing recent actions.

---

Definitions:

Weighted-average

A calculation that takes into account both the quantity and the significance of the items being averaged.

FIFO

A cost flow assumption for inventory and financial accounting where the first goods purchased or produced are the first to be sold.

FIFO Inventory

An inventory costing method that assumes the items purchased or produced first are sold first, thereby remaining inventory consists of items added most recently.