Which of the Following Does a Software License Usually Specify

question 826

Multiple Choice

Which of the following does a software license usually specify?

• A) number of people authorized to use the software
• B) amount of RAM required to run the software
• C) geographic locations where users can run the software
• D) steps for installing and uninstalling the software

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Definitions:

Average Costs

The total costs (fixed and variable) of production divided by the total quantity of output, indicating the cost of producing each unit.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and loan payments.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.