Which of the Following Is True of Software as a Service

question 32

Multiple Choice

Which of the following is true of software as a service (SaaS) ?

• A) Firms spend more using SaaS.
• B) It refers to software that is made available by a third-party online.
• C) Due to US and European legal requirements, there are no accounting and corporate finance implications for SaaS in these regions.
• D) Saas firms face diseconomies of scale.
• E) SaaS vendors are less attuned to customer needs.

Understand the concept and purpose of adjusting entries in accounting.

Distinguish between various types of accounts such as assets, liabilities, equity, revenue, and expense accounts.

Identify the principles of accrual accounting, including the recognition of revenues and expenses.

Recognize the definitions and treatment of prepaid expenses, accrued expenses, and deferred revenues.

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Definitions:

Cultural competence

The ability to understand, communicate with, and effectively interact with people across cultures.

Global geography

The study of the Earth and its features, populations, and phenomena at a global scale, considering both physical landscapes and human societies.

Infection control

Measures and procedures used to prevent the spread of infectious diseases in healthcare and community settings.

Indoor pollution

Indoor pollution refers to the presence of pollutants within and around buildings and structures, primarily affecting the quality of indoor air.