What Occurs When the Software Vendor Releases a New Version

question 60

Multiple Choice

What occurs when the software vendor releases a new version of the software that makes significant changes to the program?

• A)Software updates
• B)Software upgrades
• C)Crash-proof software
• D)Course management software

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Definitions:

Short-term Loans

Loans scheduled to be repaid in less than a year, typically used for immediate cash flow needs or small-scale expenses.

Cash Flows

Cash flows refer to the inflows and outflows of cash and cash equivalents, representing the operating, investing, and financing activities of an entity during a specific period.

Operating Activities

Activities directly related to the business’s primary operations, such as sales, costs, and expenses, impacting the company's cash flow.

Investing Activities

Transactions and events that relate to the acquisition and disposal of long-term assets and other investments not included in cash equivalents, included in a company's cash flow statement.