Money Can Be Made from Open Source Software By

question 28

Multiple Choice

Money can be made from open source software by:

• A) selling source code.
• B) providing maintenance and other services.
• C) communities of interested people.
• D) adding to the code base.
• E) selling documentation to the open-source community.

Apply knowledge of cash flow statement preparation to evaluate the financial health of a company.

Recognize the requirements and recommendations of financial standards (e.g., IASB) regarding cash flow statements.

Understand the importance and principles of responding to business communications effectively, including adjustments, claims, and inquiries.

Learn the strategies for writing effective business messages, including the application of direct and indirect strategies based on the situation.

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Definitions:

Straight Line

A method of allocating the cost of a tangible asset over its useful life in equal installments.

Net Income

The net income a company achieves once all costs and taxes are subtracted from its total revenues.

Cash Flow

The net amount of cash and cash-equivalents moving into and out of a business, crucial for assessing liquidity, flexibility, and overall financial performance.

Net Capital Losses

The result of selling a capital asset for less than its purchase price, which can be used to offset capital gains for tax purposes.