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Legacy Software Is the Technology That Will Replace the Out-Of-Date

question 47

True/False

Legacy software is the technology that will replace the out-of-date system.


Definitions:

Perpetuity

A financial concept representing a series of equal payments that continue indefinitely.

Outstanding Stock

The shares of a company that have been issued and are currently held by investors, including both public and private shareholders.

Effective Control

The practical authority to direct and manage operations, assets, or investments, often regardless of ownership percentages, ensuring the achievement of strategic objectives.

Widely Held Company

A corporation whose ownership is distributed over a large number of people with no single individual or group having a significant proportion.

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