Assessment Answer the following in your notebook 1. How can an electronic spreadsheet help an entrepreneur run a business? 2. Can we rely on an electronic spreadsheet to deliver an accurate output? 3. How would you compare and differentiate the features of proprietary software and those of open source software?
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1.Electronic spreadsheet software boosts productivity by reducing the labor required for routine accounting tasks. Formulas instantly calculate multiple totals as you type the data into the spreadsheet.
2.Yes, we certainly can. Because it is clear and readable, an electronic spreadsheet is ideal for delivering output. Electronic spreadsheets, such as Excel or Numbers, can provide numerous benefits, particularly in the business world. As far as I know, and based on my experience, it is also accurate, unless you know the formula.
3.The source code for open-source software is available to the public. The source code of proprietary software is protected. An open-source community of developers manages open-source software. Proprietary software is managed by a small group of individuals or groups who created it.