Prewritten,commercially Available Sets of Software Programs That Eliminate the Need

question 40

Multiple Choice

Prewritten,commercially available sets of software programs that eliminate the need for a firm to write its own software programs for certain functions,are referred to as:

• A)software packages.
• B)mashups.
• C)outsourced software.
• D)open-source software.
• E)service level agreements.

Understand the concepts of complete, substantial, and tendered performance in a contract setting.

Distinguish between various ways in which a contract can be discharged and recognize their implications.

Identify the elements and consequences of a breach of contract.

Know the conditions under which a party's duty to perform is conditioned.

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, often a percentage of the transaction.

Appliances

Electrical or mechanical machines that perform domestic functions, such as refrigerators or washing machines.

Net Proceeds

The final amount of money received from a transaction after deducting all associated costs and expenses.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the sales or services sold.