At What Point Are You Responsible for Following the Terms

question 894

Multiple Choice

At what point are you responsible for following the terms in a software license agreement?

• A) when you purchase the software
• B) when you give the software to someone else
• C) when you click or take another action to accept the terms
• D) when you register the software

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Definitions:

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts and resources used for production.

Amortization Payment

A periodic payment which includes both interest and principal, used to pay off debt over a certain period of time.

Average Fixed Cost

The fixed cost per unit of output, which decreases as the quantity of output increases.

Average Total Cost

The total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.