Like Graphics Data, ____-Such as a Song or the Sound

question 65

Multiple Choice

Like graphics data, ____-such as a song or the sound of someone speaking-must be in digital form in order to be stored on a storage medium or processed by a PC.

• A) pixel data
• B) giga data
• C) audio data
• D) audio programs

Distinguish between final goods and services and intermediate goods to prevent double counting in GDP calculation.

Understand the concept of national income and how it relates to GDP, including the various forms of income that constitute national income.

Grasp how changes in productivity and price levels affect economic indicators like GDP and national income.

Analyze the implications of government purchases, net exports, and consumption on GDP.

---

Definitions:

Absorption Costing

This accounting approach involves including every manufacturing expense, such as direct materials, direct labor, and both fixed and variable overheads, in the product's final price.

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) associated with producing one unit of a product.

Year 1

Typically refers to the first year of operation, reporting, or analysis in a specific context.

Absorption Costing

A method of inventory costing in which all costs of production (both variable and fixed) are treated as product costs.