Devices Used in the Creation, Storage, Manipulation, Exchange, and Dissemination

question 54

Short Answer

Devices used in the creation, storage, manipulation, exchange, and dissemination of data, including text, sound, and images, fall into the category of _________technology.

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Definitions:

Accounting Equation

A fundamental principle of accounting representing the relationship between a company's assets, liabilities, and equity (Assets = Liabilities + Equity).

Cash Refund

An amount paid by the seller to the buyer for merchandise that is defective, is damaged during shipment, or does not meet the buyer’s expectations.

Selling Price

The amount of money for which a product or service is offered for sale to customers.

Customer Refund Payable

A liability account representing the obligation of a business to return money to a customer due to overcharging or returning merchandise.