A(n)____ Chip Is a Type of Non-Volatile Memory Chip That

question 109

Multiple Choice

A(n) ____ chip is a type of non-volatile memory chip that does not require power to hold data.

• A) RAM
• B) EEPROM
• C) SDRAM
• D) all of the above

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Definitions:

Operating Lease

A lease agreement that does not transfer the risks and rewards of ownership, treated as a rental expense in the lessee's income statement.

Direct Financing Lease

A type of lease where the lessor records the present value of lease payments as a receivable, effectively transferring all risks and rewards of ownership.

Direct Financing Lease

A lease arrangement in which the lessor purchases an asset for the lessee and earns interest income over the lease term while the lessee uses the asset.