COGNITIVE ASSESSMENT a Piece of Software You Use Is Privately

question 30

Multiple Choice

COGNITIVE ASSESSMENT A piece of software you use is privately owned and limited to a specific vendor. What is the term for this kind of software?

• A) vendor-specific
• B) locked
• C) incompatible
• D) proprietary

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Definitions:

Voting Stock

Shares that give the shareholder a right to vote on company matters, such as electing the board of directors.

Control

The power to direct the financial and operating policies of a business with a view to gain economic benefits from its activities.

Accounting for Business Combinations

The process of accounting for the acquisition of one company by another and combining the financial statements.

Acquisition Method

An accounting technique used in consolidating the financial statements of a group involving a parent and its subsidiaries, recognizing and measuring the assets acquired and liabilities assumed at their fair value on the acquisition date.