COGNITIVE ASSESSMENT What Are the Three Categories of Items Stored

question 140

Multiple Choice

COGNITIVE ASSESSMENT What are the three categories of items stored in computer memory?

• A) operating system and other programs; applications; data being processed
• B) system software; data being processed; Internet websites required to monitor and control the computer
• C) applications; application hardware; application data
• D) system software; applications; command software

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Definitions:

Expense Accounts

Accounts used to track money spent or costs incurred by a business in its operational activities.

Capital Accounts

Accounts that represent the ownership interest of investors in a company or partnership's total capital.

Capital Balances

Refers to the amounts recorded in the equity section of a company's balance sheet, representing the funds contributed by owners plus retained earnings.

Income Ratio

A financial metric used to evaluate a company's profitability by comparing its income to another metric, such as sales or assets, to assess efficiency and performance.