An Application Program Is Software That Is Designed to

question 41

Multiple Choice

An application program is software that is designed to

• A) perform a variety of tasks, such as word processing, database functions, and patient billing.
• B) provide the computer with a set of basic instructions for executing other programs.
• C) interpret the program instructions.
• D) All of the above

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Definitions:

Adjusting Journal Entry

An accounting entry made in the general ledger at the end of an accounting period to record any unrecognized income or expenses, ensuring the accounts reflect the correct amounts.

Vendor

An entity or person that supplies goods or services to another company, often part of the supply chain.

Depreciation

The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.

Horizontal Analysis

A method of financial analysis in which items on financial statements over multiple periods are compared.