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:

GAAP or IFRS

Standards and principles that provide the framework for financial accounting and reporting, with GAAP used in the United States and IFRS internationally.

Objectivity and Verifiability

Accounting principles emphasizing the importance of unbiased financial information and the ability to confirm the accuracy of this data.

Just-In-Time (JIT)

A manufacturing strategy that aims to reduce inventory levels and increase efficiency by producing products only as they are needed.

Defects Tolerated

The acceptable number or percentage of defects or errors allowed in a production or manufacturing process.