Tom Owns a Small Company and Is Purchasing a Software

question 56

Multiple Choice

Tom owns a small company and is purchasing a software license for his company. He originally had to purchase a copy of each piece of software for each of his employees. However, one of his friends told him there were other types of license agreements. Tom has come to you and asked for help in deciding what kind of license is right for his company.
-Tom has another need.Everyone at the company needs word processing software.You advise Tom to use a license that is priced at a flat rate.It is called a ____ license.

• A) site
• B) multiple-user
• C) concurrent user
• D) single-user

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Definitions:

Available-For-Sale

A classification for financial assets indicating that they are available for sale before maturity or when they are not classified in other categories.

Brokerage Fees

Charges imposed by a broker for facilitating transactions such as purchases, sales, and advice on these transactions.

Transfer Taxes

Taxes imposed by a state or local government on the transfer of ownership of property, such as real estate, from one party to another.

Available-For-Sale

A classification for financial assets, indicating that the asset can be sold in the future, and is not held for trading or intended to be held to maturity.