What Is Software

question 20

Multiple Choice

What is software?

• A) The physical devices and the set of instructions that your computer executes
• B) The set of instructions that you hardware executes to carry out specific tasks
• C) The standards followed by the computer industry to ensure that your physical devices can communicate with each other
• D) The programming language used by your computer system

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Definitions:

Interest Income

Income earned from the lending of funds or through investment in interest-bearing financial instruments.

Accrued Interest Receivable

Interest that has been earned but not yet received in cash, representing an asset on the balance sheet.

Notes Receivable-Perez

A note receivable account representing money owed to the entity by Perez, typically documented through a formal promissory note.

Collateralized

Secured by an asset pledged as security for repayment of a loan, protecting the lender by providing a source of recovery in case of default.