What Is Software That Is Manufactured to Look Like the Real

question 35

Multiple Choice

What is software that is manufactured to look like the real thing and sold as such?

• A) Fair Use Doctrine
• B) Pirated software
• C) Counterfeit software
• D) Privacy

---

Definitions:

Capital

Financial assets or the financial value of assets, such as cash and goods, used by an organization to fund its operations and grow.

Revenue Account

An account that records the income generated from selling goods or providing services, which contributes to a company's gross income.

Income Summary

An account used during the closing process to summarize the year's revenues and expenses before determining and transferring the period's net income or loss to owner's equity.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.