A(n) ____ device allows you to observe the results of computer processing with one or more of your senses.
A. input
B. output
C. read-only
D. write-only
Answer: B
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A company usually makes a reversing entry
A. on the first day of the next accounting period. B. at the end of the prior accounting period. C. on the second day of the next accounting period. D. on the last day of the next accounting period.
Which of the following typically would not be done to satisfy a current liability?
A) Use long-term assets to satisfy the liability B) Render a service to satisfy the liability C) Use current assets to satisfy the liability D) Take on another current liability to satisfy the liability
The geometric growth in the volume and nature of issues global leaders deal with is known as
A. proximity. B. dynamism. C. multiplicity. D. interdependence. E. ambiguity.
Shares in Bonanza Inc. are trading at $100 per share on January 20. Gordon Gecko purchases a 10 day option for $1,000, to buy 50 shares of Bonanza at $100. Which of the following statements is FALSE?
A) On January 30, shares in Bonanza are $120. If Gecko exercises his option, he will have broken even. B) On January 30, Bonanza has gone down to $80. Gecko does not exercise his option. He has lost $1,000. C) There is no change in the price of the shares between January 20 and 30. If Gecko exercises his option, he will have broken even. D) There is no change in the price of the shares between January 20 and 30. Gecko declines to exercise his option. He has lost $1,000. E) Both C and D