Examples of Nonvolatile Storage Media Include All of the Following

question 163

Multiple Choice

Examples of nonvolatile storage media include all of the following except ____.

• A) memory
• B) floppy disks
• C) microfiche
• D) PC Cards

Apply mathematical formulas to solve problems related to finance.

Understand the concept of no-fault auto insurance and its impact on claims and payouts.

Compute savings on premiums for low and high-risk drivers over specified periods.

Analyze and calculate insurance refunds and costs associated with policy cancellations and changes in coverage.

---

Definitions:

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, leading to net profit or loss.

Drawing Accounts

Accounts used to track withdrawals made by the owners of a business for personal use, reducing the owner's equity in the company.

Income Summary

Income Summary is an account in the general ledger used to transfer the revenues and expenses of an accounting period to the retained earnings account.

Salary Allowances

Compensation above the base pay, often for specific purposes such as housing, transportation, or cost of living adjustments.