Application Software Is Used in Computer Appliances and Special-Purpose Applications

question 21

True/False

Application software is used in computer appliances and special-purpose applications, such as an automobile, ATM, or media player and are used for a single purpose.

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Definitions:

Assets

Resources owned or controlled by a company, which are expected to provide future economic benefits.

Liabilities

financial obligations or debts that a business needs to settle in the future, such as loans, accounts payable, and mortgages.

Withdrawals

Amounts taken from a business by the owner for personal use.

Assets

Resources owned by a business or individual with economic value or expected to provide future benefits.