The Storage Disk in Your Computer Is an Example of the ________

question 69

Multiple Choice

The storage disk in your computer is an example of the ________ component of information systems.

• A)hardware
• B)software
• C)database
• D)procedure

Understand the concept of individual privacy and public's right to know.

Recognize the role and impact of data aggregators and privacy laws.

Learn about the business models of companies that impact privacy.

Grasp the principles and practices for ethical decision-making and ethics in technology.

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Definitions:

Allowance Method

A method of accounting for bad debts that involves estimating uncollectible accounts at the end of each period, allowing businesses to record expected losses.

Bad Debts Expense

An expense reported on the income statement, representing the amount of receivables a company cannot collect from its customers during an accounting period.

Credit Sale

A transaction in which goods or services are provided to a customer with the understanding that payment will be made at a later date.

Allowance Method

An accounting technique used to account for future losses on receivables that are considered likely to become uncollectible.