What Is Social Tagging

question 91

Multiple Choice

What is social tagging?

• A)Represents the interconnection of relationships in a social network.
• B)Maps group contacts identifying who knows each other and who works together.
• C)Describes the collaborative activity of marking shared online content with keywords or tags as a way to organize it for future navigation, filtering, or search.
• D)A keyword or phrase used to identify a topic and is preceded by a hash or pound sign (#).

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Definitions:

Net Realizable Value

Net Realizable Value is the estimated selling price of goods, minus the estimated costs of completion and necessary selling costs, used for inventory valuation and accounts receivable.

Inventory

The merchandise and supplies a company maintains with the end purpose of selling or manufacturing.

Periodic Inventory System

A method of inventory management where inventory levels and cost of goods sold are updated in the accounting records on a periodic basis, such as monthly or annually.

FIFO Cost Method

An inventory valuation method that assumes goods are sold in the order they were acquired, using the costs of the earliest items first.