In Visual Basic

question 11

True/False

In Visual Basic .NET, the Value keyword is used to pass a variable by value.

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Definitions:

Periodic System

A method of inventory tracking where updates are made on a periodic basis rather than continuously, typically at the end of an accounting period.

Cost of Goods Sold

Direct expenses involved in producing the goods that a company sells, including costs of materials and labor.

LIFO

"Last In, First Out," an inventory valuation method where the most recently produced or acquired items are sold first.

Perpetual Inventory System

An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.