GAAP, in an Accounting Context, Stands For

question 57

Multiple Choice

GAAP, in an accounting context, stands for:

• A) Good Auditing and Accounting Practices.
• B) General Accepted Accounting Practice.
• C) General Assumptions and Attitudes of Professionals.
• D) none of the above.

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Definitions:

Programmers

IS professionals who modify existing computer programs or write new computer programs to satisfy user requirements.

Proprietary Software

Software that has been developed by a company and has restrictions on its use, copying, and modification.

Microsoft

An American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services.

Apache

An open-source web server software known for its role in the development of the World Wide Web, providing a secure, efficient, and extensible server that provides HTTP services.