What Is the "Menlo Report

question 3

Multiple Choice

What is the "Menlo Report"?

• A) A report on the Menlo Project, under which John van Neumann and others created computing machines for crytpography in WWII.
• B) A report from Menlo College (Atherton, CA) by its program on business ethics regarding ethics guidelines for information technology.
• C) Ethics guidelines for information technology issued by the U. S. Department of Homeland Security
• D) A report associated with M.E.N.L.O., an acronym for "massive electronic neural learning online", an architecture for machine learning.

---

Definitions:

Unrecorded Revenue

Revenue that has been earned but has not yet been documented in the accounting records.

Revenues

The income generated from normal business operations, often from the sale of goods and services to customers.

Expenses

Costs incurred by a business in the process of earning revenues.

Revenue Recognition Principle

The concept that supports recording revenues when services have been performed or products delivered to customers.