Software as a Service (SaaS)is a Delivery Model for Software

question 48

True/False

Software as a service (SaaS)is a delivery model for software in which one buys low quality software for basic software needs.

---

Definitions:

Partnership %

A percentage representation of an individual partner's stake in a partnership, correlating to their share of profits, losses, and liabilities.

Partnership Basis

The amount of a partner's investment in a partnership, used to determine the tax treatment of distributions, additional contributions, and share of partnership income or loss.

Liquidating Distribution

Payments made to a company's shareholders when the company is partially or completely liquidated, representing the return of the investor's capital.

Partnership's Liabilities

Debts or financial obligations that a partnership is responsible for, which can affect partners' individual tax situations.