An Important Downside Is That ____ Software Is Less Likely

question 33

Multiple Choice

An important downside is that ____ software is less likely to be compatible with other organizations' systems.

• A) licensed
• B) open-source
• C) purchased
• D) custom-designed

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Definitions:

Cost Method

An accounting technique where investments are recorded at their original purchase cost, without adjustment for market changes unless deemed permanently impaired.

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, showing the equity interest in a subsidiary held by minority shareholders.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Deferred Taxes

are taxes that are accumulated due to temporary differences between the accounting income and taxable income, and will be paid or received in the future.