ROM (Read-Only Memory), Also Called Main Memory or System Memory

question 53

True/False

ROM (read-only memory), also called main memory or system memory, is used to store the essential parts of the operating system while the computer is running.

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Definitions:

Operating Income

Income generated from normal business operations, calculated as gross income minus operating expenses.

Estimated Net Realizable Value

The estimated selling price of goods minus the costs of their completion and the costs required to make the sale.

Bad Debt Expense

Reflects the cost of accounts receivable that a company no longer believes it will collect, indicating the expected uncollectable amounts.