Examlex

Solved

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.


Definitions:

Unit Sales

The total quantity of an item or product sold in a particular period.

Contribution Margin Ratio

The percentage of each sales dollar that remains after variable costs have been deducted, contributing towards covering fixed costs and generating profit.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before income taxes and interest are deducted.

Fixed Monthly Expenses

Regularly occurring costs that remain the same each month, such as rent or salaries.

Related Questions