Regardless of the Device Being Used, Software Typically Falls into Four

question 26

Multiple Choice

Regardless of the device being used, software typically falls into four basic categories of software: commercial software, shareware, freeware, and ____.

• A) executable software
• B) public domain software
• C) advertising software
• D) licensed software

---

Definitions:

M. Sims Capital

An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.

Income Summary

An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.

Owner's Capital

The amount of equity a business owner has invested in the business minus any withdrawals made from the business by the owner.