Tom Owns a Small Company and Is Purchasing a Software

question 56

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.
-Tom has another need.Everyone at the company needs word processing software.You advise Tom to use a license that is priced at a flat rate.It is called a ____ license.

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

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics and finance to measure risk or volatility.

Variance

A statistical measure of the dispersion or spread of a set of data points, indicating how much the numbers in the data set deviate from the mean.

Coefficient of Variation

A measure indicating the relative variability of a data set by dividing the standard deviation by the mean, often used to assess risks or volatility in finance.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in finance to quantify the risk of an investment.