A Sequence of Operations That Takes Inputs and Turns Them

question 21

Multiple Choice

A sequence of operations that takes inputs and turns them into outputs is a _____.

• A)process
• B)statistical analysis
• C)runs plot
• D)random sampling

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Definitions:

Stockholders' Equity

The portion of the balance sheet that represents the capital received from investors in exchange for stock, plus retained earnings and minus the company's treasury stock.

Contra Asset

An account on a company's balance sheet that offsets or reduces the balance of a related account.

Prepaid Expense

Expenses paid in advance for goods or services to be received in the future, treated as assets until they are actually consumed or expired.

Accounts Receivable

Receivables from clients to a corporation for products delivered or services rendered without payment.