Which of the Following Is True About Acquiring Licensed Software

question 38

Multiple Choice

Which of the following is true about acquiring licensed software?

• A) It is not a form of outsourcing, just licensing.
• B) It is created in-house by an organization.
• C) It is usually licensed from a branch of the same company.
• D) It allows the vendor to spread maintenance cost over all users.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which need to be settled over time through the transfer of assets, provision of services, or other economic benefits.

Assets

Economic resources owned or controlled by a business or an individual, capable of producing value and used to generate income or meet obligations.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, including loans, accounts payable, and mortgages.