The Basic Form of Backup Used in Magnetic Tape Operations

question 13

Multiple Choice

The basic form of backup used in magnetic tape operations is called:

• A)Odd parity check
• B)Dual-head processing
• C)File protection rings
• D)The grandfather-parent-child procedure

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Definitions:

Income Recognition

The accounting principle stating that income should be recognized in the accounting period in which it is earned, regardless of when the cash is received.

Partnership %

A percentage representation of an individual partner's stake in a partnership, correlating to their share of profits, losses, and liabilities.

Partnership Basis

The amount of a partner's investment in a partnership, used to determine the tax treatment of distributions, additional contributions, and share of partnership income or loss.

Liquidating Distribution

Payments made to a company's shareholders when the company is partially or completely liquidated, representing the return of the investor's capital.