Concerning Computer Software to Be Sold, Leased, or Otherwise Marketed

question 1

Multiple Choice

Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs are inventoriable and thus included in cost of goods sold?

• A)maintenance and customer support costs
• B)design, coding, and testing costs incurred before technological feasibility is established
• C)costs of software developed for internal use
• D)costs of disks, software duplication, and training materials

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Definitions:

Language Development

The process by which children come to understand and communicate language during early childhood.

Anchoring Heuristic

A cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor") when making decisions.

Adjustment Heuristic

A mental shortcut that involves basing decisions on an initial estimate and making adjustments to that figure to reach a final decision or judgment.

Judgment

involves making considered decisions or forming opinions based on the evaluation of available information and reasoning.