Microsoft Word Is an Example Of

question 97

Multiple Choice

Microsoft Word is an example of:

• A) open source software.
• B) word processing software.
• C) software productivity suite.
• D) data management software.
• E) presentation graphics software.

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Definitions:

Perfect Competitor

An individual or company that cannot influence the market price because the market is saturated with similar products, acting within a perfectly competitive market.

Final Product

The completed good or service that is available for sale to the end-user, after all stages of production and processing are completed.

MPP

Marginal Physical Product, which represents the additional output resulting from the use of one more unit of a variable input, holding other inputs constant.

Resource

Assets, materials, or inputs that are available to an individual, organization, or society to produce goods and services.