Which of the Following Statements About Internet Resources Is Correct

question 22

Multiple Choice

Which of the following statements about Internet resources is correct?

• A)Resources must be reliable and credible to appear on the Internet.
• B)Internet resources may be used without concern for copyright, since materials must be cleared for posting before appearing on the Internet.
• C)Because of the vast material available on the Internet, the technologically capable business researcher no longer needs to rely on traditional library research.
• D)Partial text of articles and documents are often available via the Internet, while full texts may only be available in published form.

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, often used to evaluate inventory or accounts receivable.

Inventory Cost Methods

Inventory cost methods are accounting strategies for valuing inventory, such as FIFO (First In, First Out), LIFO (Last In, First Out), and average cost method.

Inventory Turnover Ratio

A measure of how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Average Cost Formula

A method used in accounting to calculate the cost of sold goods or services by dividing the total cost of goods available for sale by the total number of items available.