As Referred to in the Text, Legacy Systems Are

question 88

Multiple Choice

As referred to in the text, legacy systems are

• A) traditional mainframe-based business information systems.
• B) electronic spreadsheets used on a PC.
• C) any pre-1990 Wintel systems.
• D) systems found on older ASPs.

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Definitions:

Equity

The value of an ownership interest in a company, represented by the shares held by its investors.

Pre-Tax Cost

The expense associated with a resource or service before any taxes are applied.

Levered Value

The value of a firm that includes the impact of borrowing on its overall valuation.

Cost of Equity

Cost of equity is the return a firm theoretically pays to its equity investors, i.e., shareholders, to compensate them for the risk they undertake by investing their capital.