Which Type of Software Is Created and Updated by a Worldwide

question 37

Multiple Choice

Which type of software is created and updated by a worldwide community of programmers and available for free?

• A) software packages
• B) mashups
• C) outsourced
• D) open source

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Definitions:

New Accounting Standard

An updated or new rule set by accounting standards bodies that governs the preparation and reporting of financial statements.

Events of Default

Specific conditions or occurrences that trigger a breach of contractual obligations.

Loan Agreement

A legal contract between a borrower and a lender outlining the terms and conditions of a loan.

Creditor

An individual or institution to whom money is owed.