There Were Many Names Mentioned in This Section

question 52

Multiple Choice

There were many names mentioned in this section. Give a brief description for the person named in problem, telling how they were related to the development of computers. Paul Baran

• A) 1st to use term 'personal computer'
• B) helped build first computer
• C) 1st computer in the 1800s
• D) 1st to envision Internet
• E) 1st supercomputer

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Definitions:

Weighted Average Method

A costing method that calculates the cost of inventory based on the weighted average of the cost of items available for sale, used in accounting.

FIFO Method

"First In, First Out," an inventory valuation method where the oldest inventory items are sold first.

Abnormal Spoilage

Wastage that occurs outside of the normal production process, often due to unusual or unforeseen circumstances.

Loss

A financial situation where expenses exceed revenues, leading to a negative outcome for the business.