Introduction to Third Generation Computers
The third generation computers were come into existence in the year 1964. They employed Integrated Circuits (ICs) in it. These (Integrated Circuits) ICs are generally known as Chips. A single IC (Integrated Circuit) has several transistors, registers and capacitors that developed a single thin slice of silicon. Thus it is fairly obvious that the size of the computer got further decreased. A number of the computers built up during this period were ICL-1900, IBM-360, IBM-370, and VAX-750. Higher level language like BASIC (Beginners All purpose Symbolic Instruction Code) was built up during this period.
Computers of third generation were low cost, large memory, small in size, and processing speed is extremely high.
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The important advantages of Inter Firm Comparison are Improvement in efficiency, Increased productivity, Reliable information, Assistance to Government, etc.
Company borrowing is frequently on a long-term basis, maybe on a ten-year contract. Lenders might be banks and other professional suppliers of loan finance.
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The dissimilar areas to be covered are relies on requirement of uniformity in the reporting and accuracy of the comparison needed through the various units participated in the uniform costing system.
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