A computer ________ is a collection of computers that communicate with one another over transmission lines or wirelessly.
A. processor
B. server
C. application
D. database
E. network
Answer: E
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In the two-period model, suppose a household's income in the first period is $30,000, income in the second period is $60,000, and the real interest rate is 30 percent. What is the household's maximum spending in the second period, if it decides to save the entire amount in the first period?
A. $40,000 B. $50,000 C. $80,000 D. $99,000
Which of the following statements about management by exception is incorrect?
A) Managers concentrate on results that are outside the accepted parameters. B) There is no need to investigate variances that are less than 20% of the budgeted amount. C) Exceptions can be expressed as a percentage of a budgeted amount or a dollar amount. D) Many companies use a combination of percentages and dollar amounts.
Which of the following communication tools can be used to build brand awareness?
A) Social media B) Writing C) Listening D) Presence E) Speaking
In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is:
A) debit Cost of Merchandise Sold; credit Sales B) debit Cost of Merchandise Sold; credit Merchandise Inventory C) debit Merchandise Inventory; credit Cost of Merchandise Sold D) debit Accounts Receivable; credit Sales