What Numbering System Uses Only the Numbers 0 and 1

question 169

Multiple Choice

What numbering system uses only the numbers 0 and 1?

• A)octo system
• B)binary system
• C)8-bit system
• D)ASCII system

Understand the transition from indentured servitude to enslaved labor and its social and economic consequences in the Chesapeake.

Comprehend the goals and effects of the Navigation Acts on colonial and British economic relationships.

Recognize and analyze the impact of various wars (Yamasee War, Tuscarora War) on colonial and Native American relations and settlement patterns.

Describe the role and influence of trading companies (e.g., Royal African Company) on the Atlantic slave trade.

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Definitions:

Intra-entity Gross Profits

Profits realized from transactions conducted within the same legal entity, often requiring elimination for accurate consolidated financial reporting.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, by recording profits proportional to their ownership percentage.

Inventory

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in rendering services.

Journal Entry

A record in accounting that notes the debit and credit transactions affecting the financial statements of a business.