The Telephone System Uses a Technology Called ____,Which Establishes a Dedicated,private

question 8

Multiple Choice

The telephone system uses a technology called ____,which establishes a dedicated,private link between telephones for the duration of a call.

• A) packet switching
• B) circuit switching
• C) bus switching
• D) ring switching

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Definitions:

Net Markdowns

The reduction in the original selling price of merchandise minus any markdown cancellations.

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and responsibility for goods at the moment they are shipped, with transportation costs borne by the buyer.

Net Income

The total earnings or profit of a company after all expenses have been deducted from revenues.

Physical Inventory

The process of counting and verifying the physical existence of tangible goods and assets held by a business for resale or production purposes.