Which of the Following Is a Disadvantage of Purchased Accounting

question 77

Multiple Choice

Which of the following is a disadvantage of purchased accounting software, compared with software developed in-house?

• A)It is custom designed for that company.
• B)It is less costly.
• C)The implementation time is shorter.
• D)There are fewer bugs.

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Definitions:

Expropriation

The act of a government taking privately owned property, usually for public use or in the public interest, potentially with compensation.

Foreign Exchange Transactions

Trades between two parties to exchange one currency for another, determining the relative value of different currencies.

Largest Stock Market

Typically refers to the New York Stock Exchange (NYSE) or the NASDAQ, both of which are among the largest and most influential stock markets globally.

Expected Return

The average amount of profit or loss one can anticipate on an investment, accounting for the probabilities of varying outcomes.