What Is an Open System

question 11

Multiple Choice

What is an open system?

• A) Contains a repertoire of Web-based data and procedural resources that use shared protocols and standards permitting different applications to share data and services
• B) The capability of two or more computer systems to share data and resources, even though they are made by different manufacturers
• C) A broad, general term that describes nonproprietary IT hardware and software made available by the standards and procedures by which their products work, making it easier to integrate them
• D) A computer system designed that in the event a component fails, a backup component or procedure can immediately take its place with no loss of service

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Definitions:

Amortization

The systematic allocation of the cost of an intangible asset over its useful life, reflecting the consumption of the asset's economic benefits.

Consolidated Net Income

The total net income of a parent company and its subsidiaries after the elimination of inter-company transactions, presented in consolidated financial statements.

Amortization

The practice of slowly allocating the initial expense of an intangible asset across its productive lifespan.

Dividends

Payments made by a corporation to its shareholder members, typically derived from the company's earnings.