A Codec Is the Software That Compresses a Video Stream

question 7

True/False

A codec is the software that compresses a video stream when a video is stored, and decompresses the file when the video is played.

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Definitions:

Capital Cost Allowance (CCA)

The Canada Revenue Agency’s term for depreciation when calculating taxes.

Depreciation

The methodical distribution of the expense of a physical asset across its lifespan.

Projected NPV

The estimated Net Present Value of a project calculated using projected cash flows and a specific discount rate.

Pool Concept

A financial strategy where funds or resources are pooled together for a common purpose, often for investment or risk management.