This Type of Social Networking Group Cannot Be Found by Searching,and

question 84

Multiple Choice

This type of social networking group cannot be found by searching,and members must be invited to join.

• A)public
• B)invitation
• C)exclusive
• D)private

---

Definitions:

FIFO Inventory

A method of inventory valuation where the first items produced or acquired are the first ones sold, FIFO stands for "First In, First Out."

Cost of Goods Sold

The total cost of all raw materials, labor, and overhead expenses incurred to produced goods that were sold during a particular period.

Perpetual Inventory System

An accounting method that continuously updates inventory records for purchases and sales in real-time.

Periodic System

The periodic system is an inventory accounting system where updates to inventory levels are made on a periodic basis, such as monthly or yearly, rather than continuously updating with each sale or purchase.