A Spreadsheet Program Is an Example of

question 36

Multiple Choice

A spreadsheet program is an example of

• A)vertical -market software.
• B)system software.
• C)operating system software.
• D)horizontal -market software.
• E)firmware.

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Definitions:

Elastic Supply

Describes a situation where the quantity supplied of a good changes significantly when its price changes.

Tax Burden

The measure of the financial charge or impact of taxes on an individual or a corporation.

Excise Tax

A tax on specific goods or services, such as tobacco, alcohol, and gasoline, designed to raise revenue and/or discourage consumption of certain products.

Equilibrium

A state in which the conflicting forces of demand and supply are in balance. When a market is in equilibrium, the decisions of consumers and producers are brought into harmony with one another, and the quantity demanded will equal the quantity supplied.