The __________ Is the Software Logic on a NIC That

question 15

Short Answer

The __________ is the software logic on a NIC that consists of one or more programs residing in a programmable chip on the card.

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Definitions:

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management.

Sales Revenue

Sales revenue refers to the income received from the sale of goods or services before any costs or expenses are deducted, serving as a primary source of business income.

Retail Inventory Method

An accounting technique used by retailers to estimate inventory costs by applying a consistent gross margin percentage to the retail price of the goods.

Shrinkage

The reduction in inventory mainly due to shoplifting, employee theft, or other errors.