In the Past,the Data Processing Function Was Organized Around a Single

question 15

Multiple Choice

In the past,the data processing function was organized around a single computer.Today,it is much more common to find many computers linked by networks.This approach to data processing is called:

• A)decentralized computing
• B)client computing
• C)distributed computing
• D)connected computing

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Definitions:

Foreign Exchange Risk

The potential for loss due to changes in the exchange rate between two currencies.

Exchange Rates

The rate at which one currency can be exchanged for another currency, influencing international trade and investments.

Calendar Year End

The end of an accounting period that concludes on December 31st.

Forward Contract

A financial derivative contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.