Two or More Objects Sharing Resources and Information or Computers

question 13

Multiple Choice

Two or more objects sharing resources and information or computers, terminals, and servers interconnected by communication channels is a definition of ______ network.

• A)Local area
• B)Wide area
• C)Computer
• D)All of the above

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Definitions:

Accounting Recording System

An Accounting Recording System is a structured process for capturing, recording, and summarizing financial transactions, facilitating accurate financial reporting and analysis.

Standard Costing

An accounting method that uses standard costs for direct materials, direct labor, and manufacturing overhead to value inventory and measure variance.

Traditional Approach

A common method used in accounting or finance that relies on historical or established practices for processing and analyzing data.

Control Costs

The process of monitoring and managing expenses to ensure they do not exceed the planned budget or resources.