For Backup Purposes, a Fast, Inexpensive and Convenient Device That

question 68

Multiple Choice

For backup purposes, a fast, inexpensive and convenient device that if damaged all backups will be lost is a(n) ____.

• A) external hard disk
• B) Web site
• C) network server
• D) tape

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, critical for calculating cost of goods sold and inventory levels.

LIFO Cost-Flow

An inventory valuation method where the last items of inventory purchased are the first ones to be used or sold, standing for Last In, First Out.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.