What Are the Four Steps of the Sum-Of-Products Algorithm

question 13

Multiple Choice

What are the four steps of the sum-of-products algorithm?

• A) compare for equality, subexpression construction using AND and NOT gates, subexpression addition using OR gates, subexpression multiplication
• B) select input column, add inputs, multiply inputs, select output column
• C) add subexpressions, multiply subexpressions, add gates, repeat as necessary
• D) truth table construction, subexpression construction using AND and NOT gates, subexpression combination using OR gates, circuit diagram production

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Definitions:

Variable Cost

Variable Cost refers to expenses that change directly and proportionally with the level of production or sales activity, such as raw materials and direct labor costs.

Fixed Costs

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and premiums.

Operating Income

Operating Income, also known as operating profit, reflects the amount of profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.

Financial Risk

The possibility of losing money on an investment or business venture.