What Is Open Source

question 139

Multiple Choice

What is open source?

• A) Any proprietary software licensed under exclusive legal right of the copyright holder.
• B) Any software whose source code is made available free for any third party to review and modify.
• C) Contains instructions written by a programmer specifying the actions to be performed by computer software.
• D) Nonproprietary hardware and software based on publicly known standards that allow third parties to create add-on products to plug into or interoperate.

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Definitions:

Manufacturing Overhead Cost

The indirect costs associated with manufacturing, including expenses related to the operation of the factory like utilities and rent.

Conversion Cost

Direct labor cost plus manufacturing overhead cost.

Equivalent Unit

A measure used in cost accounting to express the amount of work done on a product in terms of fully completed units.

Weighted-Average Method

A process costing method that calculates unit costs by combining costs and outputs from the current and prior periods.