Gal Runs a Music Store

question 58

Multiple Choice

Gal runs a music store. He has a desktop computer in the back room that acts as a server. He has a point-of-sale terminal that connects to the desktop. He also has a notebook (using in-store wireless access to the Internet) that can be carried around the store to look up current items in stock, or to search for items from one of his suppliers for special orders. Which type of network application is being used when a salesperson is looking up items in stock?

• A) Discovery
• B) Communications
• C) Collaboration
• D) Web services
• E) None of the above

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Definitions:

Amortization

The gradual reduction of a debt over a period through regular payments covering interest and principal components.

Deferred Loss

A loss that has been incurred but is not immediately recorded in the financial statements.

Plan Assets

Assets that are held by a retirement or pension plan for the exclusive purpose of paying benefits to participants as they become due.

Expected Return

The anticipated profit or loss from an investment over a given period, taking into account the probability of various outcomes.