A Shrink Wrap License Goes into Effect as Soon as ____

question 128

Multiple Choice

A shrink wrap license goes into effect as soon as ____.

• A) you use it
• B) you purchase it
• C) you open it
• D) you register it

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Definitions:

Reported Income

The income that a company officially reports, usually on its income statement, reflecting the financial performance over a specific period.

Return on Assets (ROA)

A financial ratio that indicates how profitable a company is relative to its total assets, calculated as net income divided by total assets.

Return on Common Equity

A financial ratio indicating the amount of net income returned as a percentage of shareholders equity, measuring a company's profitability in generating profits from its equity financing.

Long-term Debt

Borrowings and financial obligations that are due for repayment beyond the period of one year.