Which of the Following Is an Important Safeguard When Using

question 88

Multiple Choice

Which of the following is an important safeguard when using online banking?

• A) Guarantees to protect you against losses
• B) FDIC insurance
• C) 128-bit encryption
• D) firewall to protect data
• E) all of the above

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the amount of finished goods they represent.

Accounting Period

A specific time period for which financial statements are prepared, such as a month, quarter, or year.

First-In, First-Out

Another explanation: An accounting principle for valuing inventory where older stock is sold or used first before newer inventory.

In Process

Relating to materials or products that are in the course of being manufactured but are not yet completed.