CDs and DVDs Like Those in the Accompanying Figure Are

question 8

Multiple Choice

CDs and DVDs like those in the accompanying figure are two general categories of ____ discs.

• A) flash
• B) hard
• C) digital
• D) optical

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Definitions:

Physical Count

The process of manually counting the actual inventory on hand to verify quantities and condition.

Periodic Inventory System

A method of inventory valuation where updates to the count are made on a periodic basis, typically at the end of an accounting period.

Perpetual Inventory System

An accounting method that records inventory transactions in real-time, allowing for continuous tracking of inventory levels.

Purchases

Refers to the buying of goods and services by a business for use or sale.