COGNITIVE ASSESSMENT What Numbering System Uses Only the Numbers 0

question 70

Multiple Choice

COGNITIVE ASSESSMENT What numbering system uses only the numbers 0 and 1?

• A) octo system
• B) binary system
• C) 8-bit system
• D) ASCII system

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members, usually derived from the company’s profits.

Purchase

The act of obtaining goods or services in exchange for money, which can be recorded as an asset or expense depending on its use.

Account

A record in financial accounting that tracks the increase and decrease of financial values, such as assets, liabilities, revenues, and expenses.

Revenues

The total income generated from normal business operations and before any expenses are subtracted.