One of the Claimed Advantages of Buying a Software Package

question 44

Multiple Choice

One of the claimed advantages of buying a software package is that it is possible to predict future maintenance costs with some certainty. How would these costs be classified in a cost-benefit analysis?

• A) As an intangible cost.
• B) As a tangible benefit.
• C) As a tangible cost.
• D) As an intangible benefit.

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Definitions:

Authorization

Official permission or power granted to an individual or entity to carry out certain actions.

Liability

Refers to the state of being legally responsible for something, particularly in terms of debts or financial obligations.

Default Imposed

A consequence or penalty set forth due to non-compliance with established rules or failure to meet certain expectations.

Buyout Price

The amount payable to a partner on his or her dissociation from a partnership, based on the amount distributable to that partner if the firm were wound up on that date, and offset by any damages for wrongful dissociation.