An Ordinary Expense I.is an Expense Commonly Incurred in an Income-Producing Activity

question 74

Multiple Choice

An ordinary expense
I.is an expense commonly incurred in an income-producing activity.
II.is an expenditure that provides future benefits to an income-producing activity.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

RAID 0

Also called disk striping without parity, a type of RAID that enables data to be alternatively written on two or more hard drives but be seen by the system as one logical drive. RAID level 0 does not protect data if a hard drive fails; it increases only system performance.

Data Access

The ability to retrieve, read, or make use of data stored within a database or another data storage mechanism.

Redundancy

The duplication of critical components or functions of a system with the intention of increasing reliability of the system, often through the inclusion of backup or fail-safe mechanisms.