A(n) ____________________ Application Is Software That Is Designed to Reside

question 28

Short Answer

A(n) ____________________ application is software that is designed to reside on a computer's hard disk.

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Definitions:

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, decreasing as production increases.

Annual Fixed Cost

The total of all business expenses that remain constant regardless of any change in production levels or sales volume over a year.

Total Output

The aggregate quantity of goods or services produced by an economy, sector, or production process over a specific period.