COGNITIVE ASSESSMENT Which of the Following Is NOT True About

question 24

Multiple Choice

COGNITIVE ASSESSMENT Which of the following is NOT true about storage media and devices?

• A) Storage media also is called secondary storage.
• B) A storage medium with a capacity of 750 GB can hold approximately 750 billion bytes.
• C) In cloud storage, the actual storage media used is transparent to the user.
• D) Writing is the process of transferring items from storage media to memory.

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Definitions:

Accrual-Basis Accounting

An accounting method where revenue is recorded when earned and expenses are recorded when incurred, regardless of cash flow.

Unearned Revenue

Income received by a business for goods or services yet to be provided, often recorded as a liability on the balance sheet until the revenue is earned.

Accrued Revenue

Income that a company has earned but has not yet received payment for.

Depreciation

The methodical distribution of a physical asset's cost across its lifespan, mirroring its depreciation over time.