A(n)____ Is an Electronic Device, Operating Under the Control of Instructions

question 32

Multiple Choice

A(n) ____ is an electronic device, operating under the control of instructions stored in its own memory, that can accept data, process the data according to specified rules, produce results, and store the results for future use.

• A)input device
• B)computer
• C)output device
• D)both a and c

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Definitions:

Product Margins

The difference between the selling price of a product and the cost of goods sold, representing the profit made on each product.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, improving the accuracy of product and service costing.

Activity Cost Pools

A grouping of all costs associated with a particular activity, used in activity-based costing to allocate costs more accurately.

Machine-Hours

A measure of the amount of time a machine is operated for the purpose of producing goods.