Examlex
A database management system stores data in a ____________ .
Periodic Inventory System
An inventory accounting system where updates to the inventory account occur at specific intervals, such as monthly or annually, rather than continuously.
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor costs.
Gross Profit
The profit a company makes after deducting the costs associated with making and selling its products or providing its services.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenues, also known as net earnings or net profit.
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