Programs Designed to Perform Specific Jobs,such as Calculating and Executing

question 49

Multiple Choice

Programs designed to perform specific jobs,such as calculating and executing a company's payroll,are collectively called ____.

• A) application-specific software
• B) general-purpose application software
• C) operating system software
• D) utility software

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Definitions:

Vested

A status where an employee has earned the right to keep benefits, often pertaining to retirement plans, regardless of employment status.

Pension Plan

A retirement plan that requires an employer to contribute to a pool of funds set aside for an employee's future benefit.

Original Beneficiary

The initial recipient designated to receive benefits or assets from a trust, will, or life insurance policy.

Plan Assets

Assets held by a retirement plan, including investments, cash, and property, used to generate benefits for participants.