All of the Following Are True EXCEPT ____

question 79

Multiple Choice

All of the following are true EXCEPT ____.

• A) an older version of a software package may not open a file created in a newer version of the software
• B) the default extension for most Word 2007 files is .doc
• C) with Microsoft Office Open XML Format, files are automatically compressed
• D) because of the cost of software, most schools do not upgrade their software each time a manufacturer releases a new version

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Definitions:

Formal Contract

A legally binding agreement, often in written form, that explicitly outlines the terms and conditions agreed upon by the parties involved.

Informal Contract

A non-official agreement that lacks the formalities of a written contract but is still legally binding.

Binding Contract

A legal agreement between parties that is enforceable by law, where each party is obliged to fulfill their promises or face legal consequences.

Preliminary Agreement

An initial agreement that outlines the basic terms and conditions under which a final deal will be conducted, often used in real estate transactions and business deals.