_____ Refers to Software That Is Free and Where Anyone

question 9

Multiple Choice

_____ refers to software that is free and where anyone to look at and potentially modify the code.

• A) Social software
• B) Proprietary software
• C) Licensed software
• D) Open source software
• E) Software as a service

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Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a part of the finished product.

Fixed Manufacturing Overhead

Fixed manufacturing overhead costs are those production expenses that do not change with the volume of production, such as rent and salaries.

Absorption Costing

A bookkeeping system that integrates all costs, both direct and indirect, associated with the production of a product into its final cost.

Direct Labor

The wages and salaries paid to employees who are directly involved in the production of goods or the provision of services.