The Term ____ Describes Products That Are Commercially Available and Can

question 39

Multiple Choice

The term ____ describes products that are commercially available and can be purchased and integrated with little or no customization.

• A) TCSEC
• B) MLS
• C) OTC
• D) COTS

---

Definitions:

Net Sales

Net sales of a company, calculated by deducting returns, discounts, and allowances for damaged or missing products from its gross sales.

Unrealized Gain

Increases in the value of an asset that has not been sold, thus not yet generating actual cash income.

Available-For-Sale Securities

Securities that are held with the intent of selling them sometime in the future.

Discontinued Operations

Parts of a company's operations that have been disposed of or sold off, which are reported separately on the financial statements.