Which of the Following Set of Instructions Defines an Algorithm

question 36

Multiple Choice

Which of the following set of instructions defines an algorithm in the formal,strict sense?

• A) X = 3
• While (X < 5):
• X = X
• B) X = 3
• While (X < 5):
• X = X + 1
• C) X = 3
• While (X < 5):
• X = X - 1

---

Definitions:

Process Costing

An accounting method used where costs are accumulated for a continuous process and then assigned to individual units of output.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, making them comparable to fully completed units.

Conversion Costs

Costs incurred when converting raw materials into finished products, typically including labor and overhead expenses.

FIFO Method

"First In, First Out," an inventory valuation method where goods first acquired are the first to be sold, affecting inventory and cost of goods sold calculations.