A Software Program That Includes Tools for Entering, Editing, and Formatting

question 102

True/False

A software program that includes tools for entering, editing, and formatting text and graphics is called a word processing program.

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Definitions:

Product A

Not a real key term.

Indirect Labor

Wages paid to employees who are not directly involved in producing goods or providing services, such as maintenance and supervisory staff.

Activity Pools

In cost accounting, groups of tasks that have a similar cost driver in activity-based costing, helping allocate overhead costs more accurately.

Activity Rates

Metrics used in activity-based costing to allocate costs to products or services, based on activities that drive costs instead of traditional cost drivers like direct labor hours.