What is the practical difference between an IP address and a physical (MAC) address?
What will be an ideal response?
IP addresses help route packets as they move between networks. MAC addresses are used to pass packets across a single network. IP addresses on a packet won't change in transit, but a packet can have multiple frames with different MAC addresses. A host's MAC address won't change, but a host can switch IP addresses many times throughout a single day.
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Using the department allocation method, a company establishes a separate overhead allocation rate for each department.
Answer the following statement true (T) or false (F)
The main purpose of adjusting entries is to:
A. Record internal transactions and events. B. Record external transactions and events. C. Recognize assets purchased during the period. D. Correct errors in the accounting records. E. Recognize debts paid during the period.
The ________ method is the most popular method used to project cash flow.
A. depreciation-adjusted B. indirect C. present value method D. direct
Which one of the following statements about quality control is TRUE?
A) Measurement by attributes is a simple yes or no decision. B) Complete inspection is used when inspection cost is high. C) Sampling inspection is used when the cost of passing a defective unit is high relative to the cost of inspection. D) Measurement by variables is often used when the quality specifications are complex.