Which of These Early High-Level Languages (Third Generation)was Used for Large

question 59

Multiple Choice

Which of these early high-level languages (third generation) was used for large computers in business applications and is still used today in legacy systems?

• A) COBOL
• B) C
• C) BASIC
• D) FORTRAN

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Definitions:

IRR

Internal Rate of Return, a financial metric used to evaluate the profitability of potential investments, representing the discount rate that makes the net present value of cash flows from a particular project equal to zero.

Cash Flows

The sum of all money movements into and out of a corporation, directly impacting its immediate financial health.

Required Rate

The least annual percentage gain that entices investors, be they individuals or companies, into a certain security or project.

Discounted Payback Period

The time period needed to recover the cost of an investment when considering the time value of money through discounted cash flows.