A Local Area Network Works as a ____ Network in That

question 12

Multiple Choice

A local area network works as a ____ network in that clusters of workstations are connected to a central point (hub or switch) through which workstations can transmit messages to one another.

• A) star-based
• B) bus-based
• C) ring-based
• D) star-ring-based

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Definitions:

Inventory Valuation

The method used to calculate the cost associated with an inventory, which can impact the cost of goods sold and net income.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's actual financial performance over a specific period.

Rapidly Rising Costs

A situation where the expenses associated with producing goods or services increase at a faster pace than usual, affecting profitability.

LIFO Method

LIFO method, or Last-In, First-Out, is an inventory valuation method where the most recently produced or acquired items are the first to be sold, affecting cost of goods sold and inventory valuation.