Scott Is Seeking a Position in an Information Technology (IT)

question 156

Multiple Choice

Scott is seeking a position in an Information Technology (IT) Department.During an interview, his prospective employer asks if he is familiar with programs the company could use, modify, and redistribute without restrictions.What types of programs is the interviewer referring to?

• A) freeware
• B) open source
• C) Software as a Service (SaaS)
• D) commercial software

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Definitions:

Activity Variance

The difference between the budgeted amount of activity and the actual amount of activity.

Manufacturing Overhead

All manufacturing costs that are not direct materials or direct labor, including expenses such as rent, utilities, and equipment depreciation.

Cost Formula

An equation used to calculate the total costs involved in the production of goods or services, incorporating both fixed and variable components.

Flexible Budget

An adaptable budget that shifts based on variations in activity or volume.