For a Computer Software Firm,capital Could Be Thought of as (I) the

question 162

Multiple Choice

For a computer software firm,capital could be thought of as (i) the firm's computer programmers.
(ii) the wages the firm pays to its computer programmers.
(iii) computer equipment.

• A)(i) only
• B)(ii) only
• C)(iii) only
• D)(i) and (iii)

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Definitions:

FOB Shipping Point

A term indicating that the buyer assumes ownership and responsibility for goods at the seller's location, and pays for shipping costs.

FOB Destination

A shipping term indicating that the seller bears the cost and risk of transporting goods until they are delivered to the buyer's location.

Physical Inventory

The process of counting and verifying the actual stock in a business at a specific point in time.

Perpetual Inventory System

A digital system for inventory management that immediately documents any inventory sale or purchase using electronic point-of-sale systems along with enterprise asset management software.