What Are Two Key Elements of Describing the Environment?​

question 45

Multiple Choice

What are two key elements of describing the environment?​

• A)Programming language and operating system environment
• B)​Communication protocols and security methods
• C)​Hardware configuration and DBMS's
• D)​External systems and technology architecture

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Definitions:

Annual Accounting Period

An annual accounting period is a 12-month period over which a company reports its financial performance and prepares financial statements.

LIFO Reserve

The difference between the cost of inventory calculated using the Last-In, First-Out (LIFO) method and the cost using the First-In, First-Out (FIFO) method.

Financial Statements

Documents that report on a company's financial performance, position, and cash flows, typically including the income statement, balance sheet, and statement of cash flows.

Sales Units

The number of units of product sold within a specific period, often used to measure sales volume and performance.