This Stage in the Evolution of the Modern IT Infrastructure

question 39

Multiple Choice

This stage in the evolution of the modern IT infrastructure was characterized by remote job entry.

• A)Enterprise computing
• B)LANs (client/server computing)
• C)Mainframe and dumb terminals
• D)Stand-alone mainframe

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Definitions:

Installment Accounts Receivable

Receivables from sales where the customer makes regular payments over a period until the full purchase price is paid.

Dishonoring a Note

The failure to pay a promissory note when it comes due, resulting in a default.

Pledging Accounts Receivable

The practice of using accounts receivable as collateral for a loan.

Internal Control

Systems and processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.