In Terms of Software Design for Custom-Developed Programs, a Development

question 62

True/False

In terms of software design for custom-developed programs, a development team identifies off-the-shelf products and then determines the alterations required.

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Definitions:

Operating Activities

Activities directly related to the primary operations of a business, such as selling products or services, which are reflected in the cash flow from operating activities in financial statements.

Cash Outflow

Payments or expenditures made by a business, including costs such as rent, loan repayments, and purchase of goods or services.

Investing Activities

Part of the cash flow statement that shows the cash spent on and generated from investment-related activities such as purchases and sales of physical assets or securities.

Cash Inflows

Funds being received by a business from any source, including sales, investment income, or financing activities.