Briefly Explain the History of Computing

question 41

Essay

Briefly explain the history of computing.

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered by any future action.

Eliminated

Removed or taken away, often used in the context of erasing a component or aspect in various fields such as finance, science, or competition.

Book Value

The net value of a company's assets as recorded on the balance sheet, minus its liabilities and the par value of any outstanding shares.

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision.