A Business Is Located in Two Buildings in the Same

question 60

Multiple Choice

A business is located in two buildings in the same town. The accounting computers are connected to each other in the same office space; however, management is located in another building. Management can access the data on the accounting side through a connection installed between the two buildings. What type of network does this exemplify?

• A) MAN
• B) WON
• C) SAN
• D) PAN
• E) CAN

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

T-Account

A visual representation of a ledger account that helps in understanding the effects of transactions on each account.

Raw Materials

The basic, unprocessed materials required in the manufacture of goods, often transformed through the production process.

Job-Order Costing

A costing method used to allocate costs to specific jobs or orders, tracking the expenses associated with each job individually.