An Organization Intends to Purchase the License of a Software

question 18

Multiple Choice

An organization intends to purchase the license of a software to provide access to as many users as it wants,either by individual installations or network access or Internet passwords.Which of the following should the organization purchase?

• A) Single user license agreement
• B) End user license agreement
• C) Site license
• D) Multiple user license agreement

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Definitions:

Money

Money is a medium of exchange that nations have adopted to facilitate the sale, purchase, or trade of goods, services, and other transactions.

Future

A contract to buy or sell a specified asset at a predetermined price at a specified time in the future, used for hedging or speculation.

Equal Amounts

This term typically refers to financial transactions or mathematical problems where a series of payments or values are the same in each period.

Annuity Due

An annuity due is a type of annuity payment where payments are made at the beginning of each period, rather than at the end, as in an ordinary annuity.