COGNITIVE ASSESSMENT What Are the Three Categories of Items Stored

question 140

Multiple Choice

COGNITIVE ASSESSMENT What are the three categories of items stored in computer memory?

• A) operating system and other programs; applications; data being processed
• B) system software; data being processed; Internet websites required to monitor and control the computer
• C) applications; application hardware; application data
• D) system software; applications; command software

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Definitions:

Overhead

The indirect costs or expenses incurred by a business that are not directly tied to specific product production or service.

Conversion Cost

The sum of direct labor costs and manufacturing overhead costs, representing the expenses necessary to convert raw materials into finished goods.

Equivalent Unit

A concept used in cost accounting to represent a partially finished unit in terms of a full finished unit.

Process Costing

A costing method used in manufacturing where costs are assigned to batches or process levels, suitable for homogeneous products.