In the Early Years of Computing, the Development of Large

question 82

True/False

In the early years of computing, the development of large mainframe computers, telecommunications networks, and terminals caused centralization of computer hardware and software, databases, and information specialists.

---

Definitions:

Common-Size Statements

Comparative reports in which each item is expressed as a percentage of a base amount without dollar amounts.

Comparative Reports

Financial reports that show side-by-side comparisons of financial data for different periods, helping to identify trends or changes over time.

Vertical Analysis

A financial analysis method that expresses each item in a financial statement as a percentage of a base amount for comparison purposes.

Total Assets

The sum of all assets owned by a company, including cash, inventory, property, and equipment.