Today, the Term ____ Is Often Used to Describe a Mnemonic

question 38

Multiple Choice

Today, the term ____ is often used to describe a mnemonic representing a data item's memory address.

• A) constant
• B) instruction
• C) literal
• D) variable

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Definitions:

Periodic Inventory System

A system where inventory levels and cost of goods sold are determined at the end of the accounting period, rather than continuously.

Double Entry Accounting

An accounting system that maintains the balance of the accounting equation (Assets = Liabilities + Equity) by recording each transaction twice, once as a debit and once as a credit.

Single Entry Accounting

A method of bookkeeping that records only one side of each financial transaction, typically sufficient for smaller, simpler businesses.

Gross Profit

The difference between sales revenue and the cost of goods sold before accounting for other expenses.