If You Subscribed to a Company That Allowed You to Run

question 114

Multiple Choice

If you subscribed to a company that allowed you to run a database program from its computer, what would this company be called?

• A) Application service provider
• B) Software vendor
• C) Service supplier
• D) Internet provider

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Definitions:

Capital

Refers to financial assets or resources that businesses use to fund their operations and growth.

Sunk-cost Fallacy

The misconception of valuing continued investment in a project or decision based on the already incurred costs, irrespective of future benefits.

Fixed Costs

Expenses that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance premiums.

Sound Systems

Equipment designed for the reproduction of audio signals, typically involving a source, amplifier, and speakers.