The Advantage of Custom Software Is That It ____

question 7

Multiple Choice

The advantage of custom software is that it ____.

• A) matches a company's requirements exactly
• B) is less expensive and takes less time to design and implement than packaged software
• C) is mass produced, copyrighted, prewritten, and available for purchase
• D) all of the above

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Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Pro Forma Statement

A financial document that forecasts the future income, expenses, or financial position of a company under hypothetical conditions.

Variable Costs

Expenditures that vary in a direct manner with the volume of output or sales.

Straight-Line Depreciation

A mechanism for spreading the expenditure of a tangible asset over its longevity in equal annual fractions.