Utility Software Provides Additional Functionality to the Operating System

question 12

True/False

Utility software provides additional functionality to the operating system. Utility software includes antivirus software, screen savers, and anti-spam software.

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Definitions:

Retail Method

A pricing strategy used in retail to maintain a consistent profit margin by marking up goods based on their wholesale cost.

Retail Method

An accounting method used to estimate ending inventory and cost of goods sold by calculating a cost-to-retail percentage and applying it to the retail price.

Estimated Cost

The anticipated cost to undertake a project or produce a good, used for budgeting and planning purposes.

Ending Inventory

The total value of all unsold goods remaining at the end of an accounting period, calculated for cost of goods sold reporting.