A Data Source That Is Local to a Single Computer

question 64

Multiple Choice

A data source that is local to a single computer and can be used by the operating system and any user on that computer is called a ________ data source.

• A)file
• B)user
• C)shared
• D)system

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Definitions:

Operating Expenses

Costs associated with the regular functioning of a business, not including cost of goods sold but encompassing elements like rent, utilities, and employee salaries.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a reversal of revenue previously recognized and a refund or credit issued to the customer.

Accounts Receivable

Receivables from clients or customers for goods sold or services performed by a business, awaiting payment.

Contra-Revenue

Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, including sales returns, allowances, and discounts.