A(n) ____ Agreement Is the Right to Use Software

question 190

Multiple Choice

A(n) ____ agreement is the right to use software.

• A) user
• B) master
• C) authenticating
• D) license

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Definitions:

Transfer of Risks

The process in contracts where the risk of loss or damage to goods passes from the seller to the buyer.

Sales Transaction

An exchange involving the selling of goods or services from a seller to a buyer for a payment.

Revenue Recognition

Revenue recognition is the accounting principle dictating the specific conditions under which revenue is recognized and recorded, ensuring it accurately reflects business transactions.

Consignment-in

Goods held for sale by one party although ownership is retained by another party.