Regarding the Development of the Personal Computer

question 10

Multiple Choice

Regarding the development of the personal computer,

• A) Macintosh software was developed years before DOS software.
• B) initially DOS and Macintosh software were quite similar.
• C) Macintosh dominated the market for personal computers in the late 1980s.
• D) IBM hired Microsoft in the late 1970s to design an operating system for its computers.
• E) as PCs came to dominate the computer market, IBM was the principal beneficiary.

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Definitions:

FIFO Method

Stands for "First In, First Out," a method of inventory valuation where the oldest items are sold first.

Cost Reconciliation

The process of verifying the accuracy of cost data by comparing input costs with output costs, ensuring that all costs are accounted for.

Process Inventory

Process inventory, also known as work-in-process inventory, represents goods that are partially completed in the manufacturing process but are not yet finished products.

Process Costing

An accounting methodology that traces and accumulates direct costs, and allocates indirect costs, of a manufacturing process.