Tom Owns a Small Company and Is Purchasing a Software

question 51

Multiple Choice

Tom owns a small company and is purchasing a software license for his company. He originally had to purchase a copy of each piece of software for each of his employees. However, one of his friends told him there were other types of license agreements. Tom has come to you and asked for help in deciding what kind of license is right for his company.
-Five of the people in Tom's company use a Web design software package.You advise Tom to get a license for a specific number of users.He needs a ____ license.

• A) site
• B) multiple-user
• C) concurrent user
• D) single-user

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Definitions:

Tax Revenue

The income collected by governments from taxes, which funds public services such as infrastructure, healthcare, and education.

Cheesecake

A sweet dessert consisting of one or more layers, with the main and thickest layer containing a mixture of soft, fresh cheese, eggs, and sugar.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Value-Added Tax

A type of consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.