Critical Thinking Questions Case 4-1

question 181

Multiple Choice

Critical Thinking Questions
Case 4-1
Your friends know that you understand a lot about computers, both the technical details of how they operate as well as information about software. Lately, with all of the concerns about copyright infringement, friends have started to ask you about categories of application software and what each kind permits.
-DeRobb is looking for a spreadsheet program that is available at no cost, but that also puts no restrictions on his use of it. If he wants to share it with a friend, or make copies of it and distribute it, he wants to be able to do so. What kind of software do you recommend he should be looking at?

• A) public-domain
• B) freeware
• C) custom
• D) shareware

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Definitions:

Expectations

The anticipations of consumers, firms, and others about future economic conditions.

Firms

Business entities or organizations engaged in commercial, industrial, or professional activities, aiming to produce and sell goods or services to consumers.

Law Of Supply

The principle that, other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell.