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Microsoft Word Is the Most Widely Used Word-Processing Program

question 61

Multiple Choice

Microsoft Word is the most widely used word-processing program. Which of the following explanations for its popularity uses the lock-in hypothesis?


Definitions:

Non-Current Liabilities

Liabilities not due for settlement within 12 months after the reporting period, often including long-term loans, bonds payable, and lease obligations.

Profit After Tax

The net income earned by a company after all taxes have been deducted from total revenue.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to use and age.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

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