Which of the Following Systems Is Least Efficient When Encoding

question 7

Multiple Choice

Which of the following systems is least efficient when encoding numeric values?

• A) Two's complement notation
• B) Excess notation
• C) ASCII
• D) Floating-point notation

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Definitions:

Vouchers Payable

These are obligations or liabilities for goods and services received that are not yet paid for, usually validated by a voucher system.

Gross Method

An accounting practice where purchases are recorded at their full invoice price without deducting any purchase discounts taken.

Periodic Method

An accounting method where inventory purchases are recorded in a purchases account, with the inventory count and cost of goods sold calculated at the end of the accounting period.

Discounts Lost

A financial metric indicating the additional cost incurred by failing to take advantage of offered payment discounts by suppliers.