In QBO,what Is NOT True Regarding Inventory

question 20

Multiple Choice

In QBO,what is NOT true regarding inventory?

• A)To maintain consistency QBO uses the same inventory item when recording sales and purchases.
• B)QBO can track both the cost and the sale price for inventory items.
• C)QBO automatically updates inventory records by reducing the quantity on hand for all sales.
• D)QBO must track the quantity of Non-inventory items such as supplies as well as inventory items.

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Definitions:

Hedge Ratio

The hedge ratio is a financial ratio that compares the value of a position protected through hedging with the size of the entire position itself.

Futures Position

A contractual agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

Portfolio's Beta

A measure of the volatility, or systemic risk, of a portfolio in comparison to the market as a whole.