What Is Distributed Computing

question 158

Multiple Choice

What is distributed computing?

• A)a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools
• B)processes and manages algorithms across many machines in a computing environment
• C)focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization
• D)extracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information

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Definitions:

IASB And FASB

The International Accounting Standards Board and the Financial Accounting Standards Board, two organizations involved in setting global and U.S. accounting standards, respectively.

Net Liability Contract Position

The net value of obligations exceeding the value of assets held under a contract, indicating a company's financial liability in the context of that contract.

Exposure Draft

A document issued by regulatory or standard-setting bodies to invite public comment on a proposed new standard or amendment to existing standards before finalization.

Revenue Recognition

Accounting principle determining when revenue should be recorded in the financial statements, typically at the time goods or services are provided.