Which of the Following Is True of In-House Custom-Developed Software

question 58

Multiple Choice

Which of the following is true of in-house custom-developed software?

• A) They are less expensive than off-the-shelf software.
• B) An organization can tailor its applications to fit its requirements.
• C) Developing custom software is easier than using a horizontal application.
• D) Custom-developed software need not be adapted to changing needs.

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Definitions:

Trade Balance

The financial discrepancy between exports and imports in a country's trade of goods and services.

Net Capital Outflow

Refers to the difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners. It's a measure of the international financial flow from a country.

Foreign Assets

Investments or interests in property, businesses, and financial products located in countries other than the investor's home country.

Net Capital Outflow

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners over a certain period.