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Case 3-2
Application software (apps) includes all the programs that allow you to perform specific tasks or applications on a computer. Individuals and businesses use software to write letters, keep track of finances, participate in videoconferences, watch videos, make business presentations, process orders, access Web-based resources, and many other tasks. In the following questions, identify the tasks of different application software.
Norah has a son who is in grade 2. She wants to host a small birthday party for him and his friends. Although she wants the invites to look attractive and professional, she does not want to spend money on a professional printer. Which of the following software can help Norah?
Lessee
A person or entity who leases property or equipment from another, the lessor, under a lease agreement.
Right-Of-Use Asset
An asset that represents a lessee's right to use an underlying asset for the lease term under an agreement.
Debt-To-Equity Ratio
The ratio highlights the balance of debt and equity used in the financial structuring of a company's assets.
Total Liabilities
The aggregate of all debts and financial obligations a company owes to outside parties, reflected on the balance sheet.
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