Loss of Annual Sales Due to Software Piracy by Software

question 26

Multiple Choice

Loss of annual sales due to software piracy by software companies was estimated to be:

• A) $120.3 million.
• B) $25.8 billion.
• C) $63.5 billion.
• D) Impossible to calculate.

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, crucial for managing liquidity and financing needs.

Cash Receipts

The collection of money (cash, checks, electronic transfers) received by a business from its operational activities.

Cash Disbursements

Payments made by a business in the course of its operations, typically tracked within cash flow statements.

Direct Labor Budget

A financial plan detailing the cost associated with direct labor required for a specific period, often used in manufacturing settings.