Backwards Compatibility Means That Files Created in Newer Applications Cannot

question 17

True/False

Backwards compatibility means that files created in newer applications cannot be opened in older versions of the software.

---

Definitions:

Investing Activities

Finance-related activities in a company that involve acquiring or disposing of long-term assets.

Net Cash

The total amount of cash and cash equivalents a company possesses after deducting all liabilities.

Free Cash Flow

This represents the amount of cash a company generates from its operations after accounting for capital expenditures, showing the liquidity available for expansion, dividends, or debt repayment.

Capital Expenditures

Expenses incurred by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment, often to improve or maintain their long-term capacity and efficiency.