The ____ Number System Uses Only Two Digits

question 69

Multiple Choice

The ____ number system uses only two digits.

• A) digital
• B) binary
• C) fixed length
• D) ASCII

Analyze and compute missing amounts in financial records and statements.

Prepare and interpret multi-step income statements and compute gross profit rates.

Distinguish between FOB shipping point and FOB destination and understand their impact on financial records.

Utilize a periodic inventory system for recording transactions.

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Definitions:

Contractors

Individuals or companies that undertake contract work but are not employed by the hiring company, often providing specialized services or labor.

Carburetor

A device in an internal combustion engine for mixing air with a fine spray of liquid fuel.

Consideration

A concept in contract law, referring to something of value exchanged between parties that makes an agreement legally binding.

Contract

An agreement creating obligations enforceable by law between two or more parties.