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Computer hardware had been designed to run a single operating system OS) and a single app, leaving most computers vastly underutilized. One solution to optimizing the use of computing resources is use one physical machine and specialized software to create multiple _____________________.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Gross Profit
The difference between the revenue generated from selling goods or services and the cost of those goods sold, excluding other operating expenses.
Cost Of Goods Sold
The direct costs attributable to the production of goods sold by a company, including materials and labor, used in calculating gross profit.
Selling Expenses
Costs incurred directly and indirectly in making sales, including advertising, commissions, and shipping expenses.
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