_____ Refers to a Common Set of Features in a Computer

question 31

Multiple Choice

_____ refers to a common set of features in a computer or other machines.

• A) Paradigm shift
• B) First mover
• C) Public domain
• D) Technical standard
• E) Dominant design

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Definitions:

Expenses

Costs incurred in the process of earning revenue, encompassing a broad range of spending from operational to administrative.

Advertising Expense

Advertising Expense represents the costs incurred by a business to promote its products or services through various advertising mediums.

Closing Entries

Entries made in the accounting records at the end of an accounting period to prepare the accounts for the next period.

Journalized

The process of recording transactions in the journal, the first step in the accounting cycle.