Which of the Following Statements About Purchasing and Installing Software

question 57

Multiple Choice

Which of the following statements about purchasing and installing software is FALSE?

• A) To ensure that new software will work with your computer, you should check the system requirements, which specify the minimum standards needed for the program to run properly.
• B) Many software programs only require you to insert the program CD for installation to start.
• C) Downloaded software programs often arrive in one compressed file containing everything needed to install and run the program.
• D) If a program is written for your operating system, it will always work on your computer.

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Definitions:

Inventory

The raw materials, work-in-process products, and finished goods considered part of a business's assets that are ready or will be ready for sale.

Cash Coverage Ratio

The Cash Coverage Ratio measures a company's ability to cover its debt obligations with its operating cash flow, thus indicating its financial health and liquidity.

Depreciation Expense

The allocated amount of an asset's cost expensed over its useful life to represent wear and tear, obsolescence, or age.

EBIT

Earnings Before Interest and Taxes captures a business's earning power by including all costs except those related to interest and taxes.