Examlex
Sharon is having trouble logging into the new cloud-based web application that her small company uses. It asks whether she wants to use a local account or an OpenID account. Which of the following is used by OpenID in order to implement authentication?
Periodic Inventory System
An accounting method where inventory is physically counted at specific periods to determine the cost of goods sold.
FIFO
An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for First In, First Out.
Gross Profit
The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.
Periodic Inventory System
An accounting method where inventory is updated and cost of goods sold is calculated at the end of an accounting period.
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