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McCann Systems,a Leading IT Firm,develops Customized Billing Software to Meet

question 30

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McCann Systems,a leading IT firm,develops customized billing software to meet the needs of its individual customers: In this case,the software developed by the firm is referred to as a(n) ________.


Definitions:

Long-term Ability

The potential of an entity or individual to sustain performance or activity over an extended period.

Cash

Currency or funds that a company has in bank accounts and physical money on hand, readily available for use.

Statement of Cash Flows

A financial report that provides a summary of an entity's cash inflows and outflows over a period, categorizing them into operating, investing, and financing activities.

Credit Risk

The risk of loss resulting from a borrower's failure to repay a loan or meet contractual obligations.

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