(Magnetic) Disk Storage Is

question 70

Multiple Choice

(Magnetic) Disk storage is:

• A)The same as magnetic tape storage.
• B)Sequential access.
• C)Random access.
• D)Not direct access.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company's profitability.

CCA Class

In Canadian taxation, Capital Cost Allowance (CCA) Classes categorize depreciable assets for the purpose of determining annual depreciation expenses for tax purposes.

After-Tax Proceeds

The amount of money that remains after all taxes have been deducted from the gross proceeds of a transaction.

Marginal Tax Rate

The rate of tax applied to the next dollar of income, indicating how much of an additional dollar earned will be taken in taxes.