A System with Feedback and _______________ Functions Is Sometimes Called

question 108

Short Answer

A system with feedback and _______________ functions is sometimes called a cybernetic system.

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Definitions:

Gain/Loss

The financial result that occurs when the selling price of an asset is higher or lower than its purchase price.

Straight Line Basis

A method of calculating depreciation and amortization that allocates an equal portion of an asset's cost to each period in its useful life.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Payroll Accrual

The process of recording salaries and wages that have been earned by employees but not yet paid by the company.