In the Early Days of Computer Technology, A(n) _____System Was

question 2

Multiple Choice

In the early days of computer technology, a(n) _____system was justified because data-processing personnel were in short supply, hardware and software were expensive, and only large organizations could afford computers. ​

• A) centralized processing
• B) decentralized processing
• C) distributed processing
• D) interconnected processing

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Definitions:

Operating Activities

Activities that relate directly to the business’s primary operations, such as selling goods and services, as opposed to investing or financing activities.

Statement Of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its operational, investing, and financing activities.

Cash Equivalents

Assets readily convertible to a known cash amount within a short period, typically 90 days.

Financing Activities

Transactions and events that affect long-term liabilities and equity of a company, including issuing debt, obtaining loans, or issuing and selling equity securities.