What Interprets Software Instructions and Literally Tells the Other Hardware

question 69

Multiple Choice

What interprets software instructions and literally tells the other hardware devices what to do, based on the software instructions?

• A) CPU
• B) Control unit
• C) ALU
• D) Primary storage

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Definitions:

Industry Entry and Exit

The process by which new competitors enter and existing firms exit a market or industry, often influenced by barriers to entry, market competition, and profitability.

Long-Run Profits

Long-run profits are the earnings a firm expects to achieve over a period during which all inputs, including capital, can be fully adjusted.

Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to changes in price.

Pure Competition

A market structure characterized by a large number of buyers and sellers, uniform products, and free entry and exit, leading to price taking behaviour.