When a System Is Developed by a Software Vendor for a Wide

question 43

Multiple Choice

When a system is developed by a software vendor for a wide market rather than for a specific client,conversion often takes place at___________ .

• A)alpha sites
• B)gamma sites
• C)delta sites
• D)beta sites

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Definitions:

Complement Rate

A rate equal to 100% minus the discount rate; used with the complement method in determining trade or cash discounts.

Net Price

The actual price paid for a product or service after deducting any discounts, rebates, or promotions.

Complement Method

Method of computing the net price directly, using the complement of the trade discount rate.

Trade Discounts

Discounts given to buyers that generally are based on the quantity purchased.