Compared to the Use of Proprietary Components,Web Services Promise to Be

question 53

Multiple Choice

Compared to the use of proprietary components,Web services promise to be less expensive and less difficult to implement because of

• A)their ability to integrate seamlessly with legacy systems.
• B)their ability to enable communication among different systems using universal standards.
• C)the ubiquity of the Internet.
• D)the ability to reuse Web services components.
• E)their use of custom programming.

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Definitions:

Underlying Asset

The financial instrument upon which derivatives like options and futures are based.

Exercise Price

The price at which the holder of an option can buy (call) or sell (put) the underlying asset.

Municipal Bond

A debt security issued by municipalities to finance public projects, often tax-exempt for investors.

Marginal Tax Bracket

The tax rate that applies to the last dollar of the taxpayer's income, indicating the percentage of tax applied to their highest level of income.