A Special Category of Software That Assists in Communication Over

question 24

Multiple Choice

A special category of software that assists in communication over a computer network is called _____.

• A) jointware
• B) Process Communication Software (PCS)
• C) groupware
• D) utilityware

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Definitions:

Formal Agreements

Legally binding contracts or treaties between parties that outline specific obligations and rights.

Less Elastic

Describes a situation where demand or supply is relatively unresponsive to changes in price.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.

Limit Pricing

A strategy where a firm sets the price of its product low enough to deter new entrants into the market.