Electronic Data Processing Originated in the Public Sector

question 2

True/False

Electronic data processing originated in the public sector.

---

Definitions:

Investment Account

An Investment Account is a financial account held by an investor with a brokerage firm, bank, or custodian that holds securities and other investments.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Dividends

Payments made by a corporation to its shareholder members, typically in the form of cash or additional shares.

Depreciation Expense

A method to allocate the cost of a tangible asset over its useful life.