Mainframe Computers, Which Are the Largest and Most Powerful Computers

question 33

True/False

Mainframe computers, which are the largest and most powerful computers in the world, are ideal for handling large and highly complex problems that require extreme calculating power.

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Definitions:

Enron

A former American energy company known for its massive accounting fraud that led to its bankruptcy in 2001.

U.S. Accounting Standards

The rules and guidelines set out by governing bodies, like the Financial Accounting Standards Board (FASB), for companies in the United States to follow in their financial reporting.

American Accounting Scandals

Major financial frauds and malpractices involving accounting methods that have occurred in the United States, leading to loss of investor trust and changes in regulations.

Canadian GAAP

Canadian GAAP refers to Generally Accepted Accounting Principles in Canada, which consist of guidelines and standards for financial reporting practices in Canada.