COBOL and ____________________ Were the Dominant High-Level Languages of the 1960s

question 21

Short Answer

COBOL and ____________________ were the dominant high-level languages of the 1960s and 1970s.

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Definitions:

Merchandise Purchases Budget

A financial plan that estimates the cost of goods that a retailer plans to buy over a certain period to maintain a desired inventory level.

Budgeted Cost

An estimated financial plan for expenditures over a specified period, often used for controlling costs.

Inventory Planning

The method of identifying the best amount and schedule of inventory to ensure it matches up with sales and production capabilities.

Cash Payments

The outflow of cash to settle obligations, such as expenses or the purchase of assets.