Utility Software Provides Additional Functionality to the Operating System

question 96

True/False

Utility software provides additional functionality to the operating system.

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Definitions:

Accrual-Basis Operating Income

The measure of a company’s operating profit that includes all earned revenue and incurred expenses, recognized as they are earned or incurred, not when cash is exchanged.

Working Capital Accounts

Accounts representing the operating liquidity available to a business, encompassing accounts receivable, accounts payable, inventory, etc.

Operating Activities

Business activities and transactions related to the primary operations of a company, including revenue generation and expenses.

Issuing Common Stock

The process by which a corporation sells new shares of its common stock to investors to raise equity capital.