Traditional Software Companies Rely on ________ for Revenue

question 49

Multiple Choice

Traditional software companies rely on ________ for revenue

• A) software license fees
• B) advertising
• C) interest
• D) commissions

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Definitions:

Perpetual Inventory System

An inventory management method that continuously tracks inventory levels and updates after every transaction.

Terms 2/10

A common payment term indicating that a buyer can take a 2% discount on the invoice amount if paid within 10 days.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for, typically recorded on the balance sheet.

Perpetual Inventory System

An approach in inventory accounting that employs computerized point-of-sale systems and enterprise asset management software to instantaneously record the purchase or sale of inventory items.