Which of the Following Is an Example of Vertical-Market Application

question 11

Multiple Choice

Which of the following is an example of vertical-market application software?

• A)inventory tracking software for an automobile manufacturer
• B)Tally software that is used to maintain business and personal accounts
• C)Adobe suite, used by graphic designers
• D)Microsoft PowerPoint, used to create presentations

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Definitions:

Outstanding Common Stock

The shares of a corporation's common stock that are issued, sold, and actively held by investors, excluding any treasury stock.

Annual Amortization

The process of spreading the cost of an intangible asset over its useful life on a yearly basis.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business.

Partial Equity Method

An accounting practice used for recording investments, where only part of the investment income is recorded in proportion to ownership, distinct from the full equity method.