What Are Intranets

question 43

Multiple Choice

What are intranets?

• A)doors that allow managers to access transactions as they occur  
• B)standardized protocols that are used to authenticate and authorize internal network users  
• C)public networks that are used only for business-to-business transactions  
• D)private company networks that allow employees to easily access,share,and publish information using Internet software

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Definitions:

Periodic Inventory System

A periodic inventory system is an accounting method where inventory and cost of goods sold are calculated at set intervals, such as monthly or annually.

FIFO

A method of inventory valuation where the first items purchased are the first ones to be sold.

LIFO

A method of inventory valuation where the last items added to inventory are the first ones to be used or sold, standing for Last In, First Out.