Which of the Following Statements Is True of the Different

question 38

Multiple Choice

Which of the following statements is true of the different forms of sender and receiver devices?

• A) Thin clients have processing power.
• B) Smart terminals are full-featured computers.
• C) Workstations serve as stand-alone systems.
• D) Netbook computers are high-cost computers with disks.

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Definitions:

FOB Destination

A shipping term where the seller retains risk and ownership of goods until they are delivered to the buyer's location, at which point the buyer assumes responsibility.

FOB Shipping Point

A shipping term indicating that a buyer assumes ownership and responsibility for goods at the seller's location, and thus is responsible for freight costs and any associated risks during transportation.

Inventory Writedown

An accounting process that reduces the carrying value of inventory to its market value or below, reflecting decreased value in the asset.

Net Realizable Value

The estimated selling price of goods, minus the cost of their sale or disposal, used in inventory valuation and accounts receivable.