Intangible Assets Are Long-Term Resources That Are Used to Produce

question 141

Short Answer

Intangible assets are long-term resources that are used to produce or sell products and services,that lack ______________,and whose benefits are ____________.

Calculate and interpret variances in budgeting, including spending, revenue, and operating income variances.

Differentiate between fixed, variable, and mixed costs and their roles in budgeting.

Apply flexible budgeting techniques to adjust budgets according to actual activity levels.

Analyze the impact of activity level changes on budgeted and actual costs.

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Definitions:

Proprietary Software

Software that is owned by an individual or a company and is not freely available for use, modification, or sharing without permission.

Systems Software

The fundamental software that manages and controls the hardware components and provides a platform for running application software.

OS

An Operating System (OS) is software that manages computer hardware, software resources, and provides common services for computer programs.

NUIs

Natural User Interfaces (NUIs) are user interfaces that aim to interact with the user in a natural way, using gestures, voice, touch, and other human actions as input.