Which of the Following Is a Disadvantage of Prepackaged Software

question 71

Multiple Choice

Which of the following is a disadvantage of prepackaged software?

• A)It does not employ an industry's best practices to handle the processes.
• B)It requires an organization to change its business processes.
• C)It involves high costs and a long implementation time.
• D)It does not work for applications that offer few competitive advantages.

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Definitions:

Sharpe Measure

A ratio used to evaluate the risk-adjusted return of an investment, calculated by subtracting the risk-free rate from the return of the investment and dividing by the standard deviation of the investment's returns.

Risk-Free Return

The theoretical return on an investment with zero risk, typically associated with government bonds.

Jensen's Measure

A performance evaluation tool that measures the excess return of a portfolio above the expected return, accounting for risk.

Risk-Free Return

The theoretical return on an investment with zero risk, typically represented by government securities like Treasury bills.