What is the correct term for the execution of one statement at a time sequentially?

The term that accurately describes the execution of one statement at a time sequentially is interpretation. In programming language execution contexts, interpretation refers to the process where an interpreter reads and executes the source code directly line by line. This method contrasts with compilation, where the entire program is translated into machine code before execution.

Unlike compiled languages that transform the entire source code upfront, interpreted languages will evaluate each statement as it is encountered. This allows for more flexible development and debugging, as programmers can test and modify code dynamically without needing to recompile.

When using an interpreter, the advantage is the immediate feedback it provides, which is particularly useful for learning and prototyping. It allows you to run complex programs without needing to create a separate executable file. Thus, interpretation is the correct term for describing the sequential execution of statements in this manner.