Which Is Not One of the Trends in the Future

question 6

Multiple Choice

Which is not one of the trends in the future of IT in organizations?

• A)Move into cloud computing
• B)The new Web as a turning point
• C)Devices become more specialized in the content they deliver
• D)Conversation economy

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Definitions:

Process Costing Systems

Process costing systems are accounting methods used to allocate production costs to units of output, particularly effective in industries that produce identical or similar products in continuous processes.

FIFO Method

An inventory valuation method that assumes the first items placed into inventory are the first sold, standing for "First-In, First-Out."

Work in Process Inventory

Goods and materials that are partially completed in the manufacturing process but not yet ready for sale.

FIFO Method

A inventory valuation method that assumes the first items purchased or produced are the first ones sold, standing for "First In, First Out."