The ____ Template Is Word's Default Template

question 32

Multiple Choice

The ____ template is Word's default template.

• A) Global
• B) Normal
• C) Document
• D) Boilerplate

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Definitions:

FIFO System

First-In, First-Out, an inventory valuation method where goods first added to inventory are the first ones to be sold.

Impairment

Impairment occurs when the carrying amount of an asset exceeds its recoverable amount, leading to a reduction in the asset's value on the balance sheet.

Intangible Assets

Non-physical assets such as patents, copyrights, trademarks, software, and goodwill that have value to a business.

Goodwill

The excess value of the purchase price over the fair market value of the assets acquired and liabilities assumed in a business combination.