When Data and Processing Are Distributed Across Several Computers, as Occurs

question 36

True/False

When data and processing are distributed across several computers, as occurs in a system of distributed processing, the failure of one site will be harmful and bring down the entire system.

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Definitions:

Conversion Costs

The sum of labor and overhead costs that are necessary to turn raw materials into finished products.

FIFO Method

First In, First Out; an inventory valuation method where the costs of the earliest goods purchased or produced are the first to be expensed.

Process Costing

A method of costing used for homogenous products, where it calculates the cost of each process or stage of production.

FIFO Method

A method of inventory valuation where the oldest items are sold first, standing for "First In, First Out."