Software Is the Set of Instructions That Your Hardware Executes

question 44

True/False

Software is the set of instructions that your hardware executes to carry out a specific task.

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting selling, general, and administrative expenses.

Cost of Goods Sold

Cost of Goods Sold (COGS) is the direct costs attributed to the production of the goods sold by a company, including the cost of materials and labor.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its usage and wear and tear.