The Smallest Unit of Information a Computer Can Understand and Process

question 8

Multiple Choice

The smallest unit of information a computer can understand and process is known as a

• A)digit.
• B)byte.
• C)bit.
• D)kilobyte.

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Definitions:

Executory Costs

Executory costs are the ongoing operating expenses in a lease agreement, such as insurance, maintenance, and property taxes, usually borne by the lessee.

Capital Lease

A lease treated as an acquisition of an asset and the incurrence of an obligation on the lessee's balance sheet, indicating a purchase and financing arrangement.

Lease Liability

An obligation representing the present value of future lease payments under a non-cancellable lease.

Operating Lease

A lease agreement that allows for the use of an asset but does not transfer ownership of the asset to the lessee, often with shorter terms.