Software That Provides Capabilities Common Across All Organizations and Industries

question 75

Multiple Choice

Software that provides capabilities common across all organizations and industries is known as ________ software.

• A) vertical-market application
• B) market-wide
• C) horizontal-market application
• D) generic-application

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Definitions:

Variable Cost

Expenditures that fluctuate according to the degree of production or the volume of goods produced.

Fixed Cost

Costs that remain constant regardless of any change in a firm's activity level, such as lease payments or insurance premiums.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.

Discount Rate

In discounted cash flow analysis, it's the rate used to bring future cash flows down to their present worth.