If Software Licensed from Others Is to Be Installed on the Cloud

question 24

True/False

If software licensed from others is to be installed on the cloud, licenses that permit replication must be purchased.

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Definitions:

Utility Function

A representation of how consumer preferences over a set of goods and services are ordered, indicating the level of satisfaction derived from different bundles of goods.

Consumption

The action or process of using up goods and services, typically by households.

Utility Function

It is an economic model representing the preference level of consumers for different combinations of goods and services.

Income

A measure of the flow of funds from various sources, such as wages, investments, or business activities, that an individual or entity receives over a period of time.