Hollerith's Machine Was Used to Process the 1890 U

question 47

Multiple Choice

Hollerith's machine was used to process the 1890 U.S.Census data and was able to complete the task in ____,instead of the decade it usually took to process the data by hand.

• A)two and a half years
• B)three and a half years
• C)four and a half years
• D)five and a half years

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Definitions:

Management Approach

A principle in financial reporting that allows an entity to use its internal management structures and processes as the basis for organizing and presenting its financial information.

External Reporting

involves the preparation and disclosure of financial statements and other information to external stakeholders.

Materiality Thresholds

The thresholds or limits at which financial information becomes significant enough to influence the decision-making process of users.