Which of the Following Statements Is True of Packaged and Custom

question 65

Multiple Choice

Which of the following statements is true of packaged and custom software?

• A) Packaged software are applications that are designed and developed exclusively for a specific organization.
• B) The development costs of custom software are much higher than for packaged software because of the time, money, and resources that are required to design and develop them.
• C) Packaged software is well suited for tasks that are unique to a particular business.
• D) Custom software is cost effective since the vendor that builds the application can spread out development costs through selling to a large number of users.
• E) Custom software is highly useful for standardized, repetitive tasks, such as writing a report or preparing a presentation.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods to increase their price and protect domestic industries.

Import Quotas

A government-imposed limit on the quantity of a particular good that can be imported into a country during a specified period of time.

Protected Goods

Goods that are safeguarded from competition by trade barriers such as tariffs or quotas.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries.