Match the Term to the Appropriate Definition

question 115

Multiple Choice

Match the term to the appropriate definition.There are more definitions than terms.
-Service Company

• A)The sum of beginning inventory and purchases for the period.
• B)Presents important subtotals,such as gross profit,to help distinguish core operating results from other,less significant items that affect net income.
• C)A term of sale indicating that goods are owned by the seller until they are delivered to the buyer.
• D)Sells goods that have been obtained from a supplier.
• E)Inventory records are updated every time inventory is bought,sold,or returned.
• F)A sales price reduction given to customers for prompt payment of their account balance.
• G)Inventory records are updated at the end of the accounting period.To determine how much merchandise has been sold,inventory must be physically counted at the end of the period.
• H)A term of sale indicating that goods are owned by the buyer the moment they leave the seller's premises.
• I)Sells services rather than physical goods.
• J)Assets acquired for resale to customers.

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Definitions:

Domain

In networking, a domain is a distinct subset of the Internet with a common address component, such as a website's URL. Also, in software, it can refer to a specific area of interest or activity.

BIOS

Basic Input/Output System, firmware interface that initializes computer hardware during booting.

ROM Chip

A type of non-volatile storage that permanently stores instructions for hardware initialization. The data on it cannot be modified or can only be modified slowly or with difficulty.

Supercomputers

High-performance computing systems designed for complex computational tasks, often used in scientific and engineering calculations.