When an Organization Has the Resources and a System Must

question 21

Multiple Choice

When an organization has the resources and a system must be built from scratch,an organization should choose what type of software?

• A)In-house development
• B)Prepackaged software
• C)Off the shelf
• D)Open source

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Definitions:

Unrealized Profits

Earnings that are reported on paper from investments but are not yet actualized through a sale transaction.

Intercompany Sales

Transactions between companies under the same parent company, often used for the transfer of goods and services.

Gross Margin

A company's sales revenue minus its cost of goods sold, used to assess the efficiency of a company's core operations.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.