Key Differences Between Software and Books Include All of the Following

question 79

Multiple Choice

Key differences between software and books include all of the following except

• A)software contains more information than a book.
• B)software is less easily inspected than a book.
• C)software products are more easily compared to each other than books.
• D)software is understood to be more fallible than a book.
• E)it is more difficult to inspect software for flaws.

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Definitions:

Return

A document containing details about an individual's or entity's income, deductions, and tax liabilities filed with the tax authorities.

Basis

The initial value of an asset for tax purposes, used to calculate depreciation, amortization, and determines the gain or loss on the asset's sale.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the company's assets and earnings.

Fiscal Year-End

The last day of a company's accounting period, which is used for financial reporting and tax purposes, and can vary between organizations.