Computers Process Data Under Control of Sets of Instructions Called

question 15

Multiple Choice

Computers process data under control of sets of instructions called .

• A) The operating system.
• B) Computer programs.
• C) Computer programmers.
• D) None of the above.

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Definitions:

Net Price

The actual price paid for a product after deducting any discounts, rebates, or allowances from the list or gross price.

Allowance Method

An accounting technique that estimates and records bad debts expense from credit sales based on anticipated losses.

Sales Discounts

Reductions in the price of goods or services offered to customers, usually as an incentive to encourage prompt payment.

Sales Returns

Goods returned by the customer to the seller for a refund or credit, often due to defects or dissatisfaction.