All of the Following Statements About Mobile Apps Are True

question 5

Multiple Choice

All of the following statements about mobile apps are true except:

• A) mobile apps have usurped television as the most popular entertainment medium.
• B) iOS apps are cross-platform, open-source applications.
• C) over 200 billion apps have been downloaded from the Apple App Store.
• D) almost all the top 100 brands have a presence in at least one of the major app stores.

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, reflecting the amount it could be sold for or its disposal value.

Useful Life

The expected duration of time over which an asset is anticipated to be economically usable by one or more users.

Incremental Fixed Overhead

The fixed costs that will change as a direct result of a decision made by a company.

Self-Constructed Asset

An asset that is built, manufactured, or produced internally by a company, rather than purchased from an external source.