____ Is a Type of Application Software Designed to Help

question 62

Multiple Choice

____ is a type of application software designed to help several people collaborate on projects using connections provided by a local network or the Internet.

• A)Accounting software
• B)Project Management software
• C)Presentation software
• D)Groupware

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Definitions:

Equipment

Tangible assets used in operations, such as machinery, computers, and furniture, which are expected to be used over several years.

Note Payable

A written promise to pay a specific sum of money on a future date or dates, typically with interest.

Journal Entry

A record in accounting that notes the debit and credit effects of a financial transaction.

Truck Purchase

The acquisition of a truck, which is a capital investment and may be classified as a fixed asset on the balance sheet.