Tom Owns a Small Company and Is Purchasing a Software

question 51

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.
-Five of the people in Tom's company use a Web design software package.You advise Tom to get a license for a specific number of users.He needs a ____ license.

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

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The party in a fiduciary relationship is usually referred to as the fiduciary, while the other is the principal or beneficiary.

Breach

The violation or failure to comply with a legal obligation, contract, or agreement.

Restitution

Compensation or repayment for loss, damage, or injury caused to another party.

Tort

A wrongful act or infringement of a right leading to civil legal liability, not arising from a contract, but through negligence, defamation, and other such acts.