What Is Application Software

question 123

Multiple Choice

What is application software?

• A) Controls how the various technology tools work together along with the application software
• B) Controls the application software and manages how the hardware devices work together
• C) Provides additional functionality to the operating system
• D) Used for specific information processing needs, including payroll, customer relationship management, project management, training, and many others

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Definitions:

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Economic Efficiency

A situation where resources are utilized in such a manner that maximizes the satisfaction of needs and wants with minimal waste or inefficiency.

Public Good

A public good is a commodity or service that is made available to all members of a society, typically free of charge, funded by taxes, and characterized by non-excludability and non-rivalry.

Information Problems

Challenges encountered due to the lack of complete or accurate information, leading to suboptimal decisions and market failures.