The Process of Converting Information, Such as Text, Numbers, Photos

question 32

Multiple Choice

The process of converting information, such as text, numbers, photos, or music, into digital data that can be manipulated by electronic devices is called ___________.

• A) binary
• B) digitization
• C) representation
• D) none of the above

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Definitions:

Variable Costing

Variable Costing is a costing method that only includes variable costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, indicating how much contributes to covering fixed costs and generating profit.

Operating Income

A measure of a company's profitability from its regular business operations, excluding income and expenses from unusual or non-operational activities.

Absorption Costing

An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.