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COGNITIVE ASSESSMENT Which term is used to describe the practice that users' access privileges are limited to the lowest level necessary to perform required tasks?
Net Purchases
The total purchases of inventory less returns, allowances, and discounts over a specific period.
Merchandise Available for Sale
The total quantity of goods that a retailer has on hand and ready to sell to customers.
Beginning Inventory
The value of all inventory held by a company at the start of an accounting period.
Merchandise Inventory
Goods that a retail or wholesale company intends to sell to customers for a profit, listed as a current asset on the balance sheet.
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