What Is an Input Device

question 36

Multiple Choice

What is an input device?

• A) The actual hardware that interprets and executes the program (software) instructions and coordinates how all the other hardware devices work together
• B) The computer's main memory, which consists of the random access memory (RAM), cache memory, and the read-only memory (ROM) that is directly accessible to the central processing unit (CPU)
• C) Equipment designed to store large volumes of data for long-term storage
• D) Equipment used to capture information and commands

Differentiate between short-term and long-term assets, and their taxation implications.

Identify and apply the correct basis for calculating gains or losses from the sale of gifted or inherited property.

Understand and apply the rules related to the sale of property used in a trade or business, including Section 1231, 1245, and 1250 properties.

Comprehend the taxation of investment property sales, including the treatment of ordinary assets and Section 1221 assets.

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Definitions:

Expected Risk Premium

The additional return over the risk-free rate that investors demand to compensate for the risk of holding a risky asset.

Systematic Risk Principle

The concept that an investor can reduce the overall risk of an investment portfolio through diversification, except for inherent market risks that cannot be diversified away.

Efficient Markets Hypothesis

The efficient markets hypothesis is an investment theory that states it is impossible to "beat the market" because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information.

Security Market Line

A representation in finance that shows the relationship between risk and return of a market.