This Officially Went Online in October 1969 with a Test

question 44

Multiple Choice

This officially went online in October 1969 with a test message sent from UCLA to the Stanford Research Institute.

• A) ARPANET
• B) INTERNET
• C) W3
• D) NSFNet

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Definitions:

External Auditors

Independent experts who evaluate a company's financial statements to ensure accuracy, compliance, and fairness in reporting.

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its objectives.

Gross Profit

Gross Profit is the revenue from sales minus the cost of goods sold, indicating the profitability of a company before accounting for operating expenses, interest, and taxes.

Average Cost Method

A technique for inventory valuation and cost determination that calculates inventory and cost of goods sold based on the average price of all units available during the period.