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4. What is the full form of POSIX standard? POSIX stands forPortable Operating System Interface. For the purpose of preserving operating system compatibility, IEEE has developed a family of standards. Any program that complies with POSIX standards should thus work with other POSIX-compliant operating...
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In this case, the creditors have full right to claim the money owed from the company but have no right to Jimmy’s personal assets (such as bank deposits, gold, or real estate). In an LLC, only the company’s assets can be liquidated to repay the debt and not the owners. This is...
Businesses that use a perpetual inventory system typically employ cycle counting or the process of physically counting a portion of inventory to use as a baseline to check the accuracy of the perpetual system. The intent is to complete a full physical inventory over time.1 ...
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