Companies Such as IBM and Sperry Rand Launched the Computer

question 48

Multiple Choice

Companies such as IBM and Sperry Rand launched the computer industry when they brought the first mainframes to market in the ________.

• A) 1940s
• B) 1950s
• C) 1960s
• D) 1970s

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Definitions:

GDP

Gross Domestic Product, the total market value of all goods and services produced within a country in a given period, used as a broad measure of economic performance.

Federal Taxes

refer to levies imposed by the government of a country on income, property, goods, services, and activities, used to fund public services and obligations.

Government Regulation

The establishment of rules and laws by governmental bodies intended to manage and control activities within various sectors of society for public welfare.

Profit Margins

The difference between the cost to produce a good or service and its selling price, expressed as a percentage of the selling price, indicating financial health.