Answer: When you Cut selected text you remove it from the place where it is and place it in the Windows 95 Clipboard. When you Copy selected text, you leave it in the place where it is and place a copy of it in the Clipboard. When you Paste something that you have cut or copied, you place it in another part of your document.
The above listed information are part of the reasons why so many IT projects are abandoned by the business entities after a given period of time frame.