There Are Three Established and Broadly Understood Sport Portal Types

question 2

Multiple Choice

There are three established and broadly understood sport portal types in operation today. Of those listed below, which one is not a recognised sport portal?

• A) Commercial sport sites
• B) Education sport sites
• C) Service focus sport sites
• D) Third sector sport sites

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Definitions:

Net Income

The ultimate profit of a firm calculated by subtracting all outgoings and taxation from the gross revenue.

FIFO

"First In, First Out," an inventory valuation method where items produced or acquired first are sold, used, or disposed of first.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, and cost of goods sold is calculated at the end of an accounting period.

Ending Inventory

The worth of products ready to be sold at the closure of a financial period, determined by adding the initial inventory to purchases and subtracting the cost of goods sold.