A Local Area Network Operates ________

question 59

Multiple Choice

A local area network operates ________.

• A) on a customer premises
• B) between customer premises
• C) both A and B
• D) neither A nor B

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Definitions:

Periodic Inventory System

A method of inventory valuation that requires a physical count to determine the end-of-period inventory and cost of goods sold.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the financial health and performance of a business.

Freight In

The cost associated with transporting goods from suppliers to the buyer, which is added to the cost of inventory.

Inventory Shrinkage

The loss of products between purchase from supplier and sale to customer, often due to theft, damage, or errors.