You Are Configuring a VM Running on Hyper-V

question 32

Multiple Choice

You are configuring a VM running on Hyper-V. You want the VM to be able to communicate with the host and other VMs on the same virtual switch. Which type of virtual switch should you connect the VM to?

• A) NAT
• B) LAN segment
• C) Private
• D) Internal

Distinguish between adjusting entries and reversing entries.

Recognize the situations where reversing entries are applicable.

Identify the correct process for making reversing entries for specific accounts.

Understand the timing for recording reversing entries in an accounting period.

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Definitions:

Service

The act of providing assistance or benefits to customers or clients without the sale of tangible goods.

Price Variances

A measurement of the difference between the actual cost of a good or service and its expected cost.

Quantity Variances

Quantity variances are differences between the expected and actual quantities of inputs (materials, labor) used in the production process or during a specific period.

Direct Labor

The wages or salaries paid to employees who are directly involved in the production process of goods or services.