A Bit Can Have Two Values

question 18

Multiple Choice

A bit can have two values:

• A)bit and byte.
• B)0 and 1.
• C)2 and 4.
• D)1 and 2.

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Definitions:

Allowance Method

An accounting technique that estimates and sets aside a portion of accounts receivable which may not be collectible.

Specific Receivable

A receivable account that is clearly identified and attributed to a specific source, such as an individual customer or entity.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from revenue.

Maturity Date

The predetermined date on which a financial instrument, such as a loan or bond, is due to be repaid in full.