_________Is Called to Update or Query the Ledger in a Proposal

question 27

Multiple Choice

_________is called to update or query the ledger in a proposal transaction. This is called by the chaincode.

• A) Initialize
• B) Init
• C) Update
• D) Invoke

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Definitions:

Gross Profit

The financial profit a company makes after subtracting the cost of goods sold from total sales revenue.

Cost of Goods Sold

The total expense of producing or purchasing the goods that were sold to customers during a specific period.

Merchandise Sold

The goods that a company has sold to its customers; relates to revenue generation in businesses dealing with physical products.

Notes Payable

Notes Payable are written agreements in which one party promises to pay another party a specified sum of money, either on demand or at a fixed or determinable future time.