A Set of Instructions That Communicates with the Computer and Tells

question 14

Multiple Choice

A set of instructions that communicates with the computer and tells it what to do is called which of the following?

• A)Software
• B)Manual
• C)Hardware
• D)Input devices

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Definitions:

Explicit Costs

Explicit costs refer to direct payments made for the operation of a business, like wages, rent, and materials.

Entrepreneur's Talent

The unique set of skills, insights, and experiences that an entrepreneur brings to a business venture, often driving its success.

Annual Lease

A contract specifying the terms under which one party agrees to rent property owned by another party for a period of one year.

Normal Profit

The minimum amount of earnings that entrepreneurs must achieve to cover the cost of operating, essentially the breakeven point beyond which a business earns profit.