Feedback Is the Information from the Output Applied Back to the Input

question 57

True/False

Feedback is the information from the output applied back to the input.

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Definitions:

Adjusting

The process of making entries to correct accounts or to account for accruals and deferrals in the accounting cycle.

FOB Destination

A shipping term where the seller is responsible for the freight and other transportation costs until the goods reach the buyer’s specified location.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, intellectual property, or some other kind of property.

Debit Balance

An accounting balance where the sum of debits exceeds the sum of credits, typical for assets and expenses.