Match the Following Definitions with the Appropriate Terms

question 111

Multiple Choice

Match the following definitions with the appropriate terms.
-Inventory losses that can occur as a result of theft or deterioration and require an adjusting entry to account for those losses.

• A)Single-step income statement
• B)Acid-test ratio
• C)Multiple-step income statement
• D)Inventory shrinkage
• E)FOB shipping point
• F)Selling expenses
• G)General and administrative expenses
• H)Merchandise inventory
• I)Trade discount
• J)FOB destination

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Definitions:

PaaS

Platform as a Service, a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without dealing with the underlying infrastructure.

SaaS

Software as a Service, a model of distributing software where applications are hosted by a service provider and made available to customers over the internet.

DaaS

Desktop as a Service, a cloud computing offering where a service provider delivers virtual desktops to end-users over the internet, coupled with necessary backend and system management.

Natural Language Processing

A branch of artificial intelligence that focuses on the interaction between computers and humans through natural language.