____ Software Refers to the Operating System and Utility Programs

question 42

Multiple Choice

____ software refers to the operating system and utility programs.

• A) System
• B) Application
• C) Development
• D) Performance

---

Definitions:

Budgeted Cost

An estimate of the financial cost for items, production, or projects planned in the future.

Raw Material Purchases

The total cost of all raw materials bought by a company for use in production over a specific period.

Budgeted Raw Material Purchases

The estimated amount of raw materials to be acquired during a specific period to meet production needs, based on forecasted sales.

Budgeted Required Production

The quantity of products that must be produced in a given period to meet sales needs and inventory policies.