Some People Refer to the Series of Input, Process, Output

question 120

Multiple Choice

Some people refer to the series of input, process, output, and storage activities of a computer as which of the following?

• A) data processing cycle
• B) input processing cycle
• C) output processing cycle
• D) information processing cycle

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Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.

Common Stock

Equity ownership in a corporation, with the right to share in its profits and vote in the annual general meetings.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Operating Expenses

Expenses incurred from a company's day-to-day activities, excluding the cost of goods sold, such as rent, utilities, and salaries.