Case 3 John Is in Charge of Buying the Software

question 84

Multiple Choice

Case 3 John is in charge of buying the software for a hospital in a small town. He needs to research and make decisions about the software that is needed to update the hospital's outdated system. The hospital needs a patient management and billing software that is specially designed for hospitals. Such a software is an example of a ____ software.

• A) vertical market
• B) horizontal market
• C) groupware
• D) network management

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Definitions:

Cumulative

Pertaining to an aggregate or total amount added up over time, often used in context with dividends that are accumulated if not paid out.

Noncumulative

A term often used in dividends policy, indicating that if a dividend is not paid out, it doesn't accumulate for future payment.

U.S. GAAP

United States Generally Accepted Accounting Principles, which constitute the framework of guidelines for financial accounting used in the US.

Interest Expense

The charge for borrowing money typically calculated as a rate of the principal amount annually.