What Is Software

question 21

Multiple Choice

What is software?

• A) Any computer-based tool that people use to work with information and support the information and information-processing needs of an organization
• B) The set of instructions that the hardware executes to carry out specific tasks
• C) Consists of the physical devices associated with a computer system
• D) An electronic device operating under the control of instructions stored in its own memory that can accept, manipulate, and store data

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Definitions:

Responsibility Accounting System

A system of accounting that tracks financial performance and costs at the level of individual responsibility centers, encouraging managerial accountability.

Direct Expenses

Expenses directly linked to a specific product, service, or project, like materials and work.

Profit Center

A business unit or division that is responsible for generating its own revenue and profit, often evaluated independently of other units.

Controllable Costs

Costs that can be influenced or managed by decisions made by a specific level of management or segment of a business.