Websites Use Which of the Following to Keep Track of Items

question 184

Multiple Choice

Websites use which of the following to keep track of items in a user's shopping cart?

• A)session cookie
• B)zombie
• C)adware
• D)shopping bot

Determine the effects of specific accounting entries on the determination of net income.

Differentiate between temporary and permanent accounts and their roles in the financial statements.

Understand the impact of errors in extending account balances on financial statements.

Comprehend the use and effects of different types of inventory systems on accounting and reporting.

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Definitions:

Accounting Costs

The explicit costs of running a business, such as wages, rent, and materials, recorded in the financial statements.

Total Revenue

The total amount of money received by a firm from sales of its products or services before any expenses are subtracted.

Average Product

The output per unit of input, for example, the average quantity of product produced per worker or per machine.

Marginal Product

The additional output that results from using one more unit of a variable input, holding all other inputs constant.