Gordon Moore, Co-Founder of Intel, Observed in 1965 That Continued

question 36

True/False

Gordon Moore, co-founder of Intel, observed in 1965 that continued advances in technological innovation made it possible to reduce the size of a computer chip while doubling its capacity every two years.

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Definitions:

Planning Budget

A financial plan created for a specific period, detailing the estimated revenues, expenses, and resources required to achieve particular financial goals.

Oil Well Service

Services related to the operation, maintenance, and repair of oil wells, including drilling, completion, and workover activities.

Budgeting

A process of creating a plan to spend your money, outlining projected income and expenses over a period.

Spending Variances

The difference between the actual amount spent and the budgeted amount for a particular accounting category.