Identify a True Statement About Intranets

question 29

Multiple Choice

Identify a true statement about intranets.

• A)An intranet is different from a local area network (LAN),although it uses the same physical connections.
• B)An intranet is a public network that can be used by external users.
• C)An intranet increases the cost and time of document production.
• D)An intranet will not help a company to make updates as soon as they are needed.

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Definitions:

Replacement Cost

The cost to replace an asset with another of similar kind and quality at current prices, often considered in insurance assessment and accounting.

LIFO Liquidations

Occurs when a company using the Last-In, First-Out inventory method sells off older inventory items, potentially resulting in a lower cost of goods sold and higher profit.

Accounting Treatment

Refers to the method of applying accounting principles and rules to transactions and financial events in a company’s financial statements.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.