Using the Hosted Software Model Implies That a Small Business

question 18

True/False

Using the hosted software model implies that a small business firm needs to employ a full-time IT person to maintain key business applications.

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to assess if a company's stock is under- or overvalued.

Note Payable

An obligation in writing that promises to pay a specified sum of money at a determined future date or on demand.

Capital Balances

The amount of money that owners have invested in a company plus any retained earnings or losses.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.