Which of the Following Is NOT Something That a Global

question 64

Multiple Choice

Which of the following is NOT something that a global platform allows companies to share?

• A)information
• B)developments,products,and components
• C)payment methods
• D)production facilities

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, as opposed to continuously.

Cost Of Goods Sold

The direct financial outlays for labor and materials that are necessary for producing goods a company sells.

Accounting Period

A specific time span for which financial records are kept and financial statements are prepared, usually a year or quarter.

Beginning Inventory

The value of all the goods held by a company at the start of an accounting period, before any purchases or sales are made.