Indicate When Software Should Be Acquired from Each of the Following

question 43

Multiple Choice

Indicate when software should be acquired from each of the following types of software producers.
-When the task requires custom support and the system cannot be built internally.

• A)packaged software producers
• B)IT services firms
• C)in-house developers
• D)hardware manufacturers
• E)enterprise-wide solutions

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Definitions:

Generally Accepted Accounting Principles

A set of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.

Duty of Care

A legal obligation imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could foreseeably harm others.

Justifiable Reliance

Justifiable reliance is a legal concept where a party makes a decision based on another party's representation or promise, considering the decision reasonable under the circumstances.

Commits Fraud

The act of intentionally deceiving someone in order to gain an unauthorized benefit or harm another person.