When You Open a File Created in an Earlier Version

question 32

Multiple Choice

When you open a file created in an earlier version of Office, "____ Mode" appears in the title bar, letting you know the file was created in an earlier, but usable version of the program.

• A) Compatibility
• B) Backward
• C) Prior
• D) Legacy

---

Definitions:

Manufacturing Overhead

Manufacturing overhead includes all the indirect costs associated with the production process, such as utilities, maintenance, and salaries for managers.

Controller

A high-level financial manager responsible for overseeing a company’s accounting and financial reporting processes.

Accounting and Finance

The area of business that deals with the management of money, including tracking income and expenses, and analyzing financial performance.

Total Cost

Total Cost refers to the complete expense incurred in producing, maintaining, and selling a product or service, which includes fixed and variable costs.