Figure 11-4 A(n) ____ Object, an Example of Which Is

question 163

Multiple Choice

Figure 11-4 A(n) ____ object, an example of which is shown in Figure 11-4, is any item that must be carried to gain access to a computer or computer facility.

• A) access
• B) possessed
• C) master
• D) license

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Definitions:

Perpetual Inventory System

An inventory management system that updates inventory records for each purchase and sale in real-time.

Gross Method

An accounting practice where purchases are recorded at their gross price without deducting any cash discounts.

Invoice Price

The price indicated on an invoice, representing the cost of goods or services purchased.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, rather than continuously.