Identify One of the Benefits Associated with Procuring Software from Application

question 101

Multiple Choice

Identify one of the benefits associated with procuring software from application service providers.

• A)Lower cost.
• B)Scalability.
• C)Greater effectiveness.
• D)Faster processing speed.

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Definitions:

Percentage-Of-Completion Method

An accounting method that recognizes revenues and expenses of long-term contracts as a percentage of work completed during the period.

Anticipated Tax Credits

Tax credits that are expected to be received in the future, affecting current financial decisions and accounting.

Income Tax Expense

The amount of money that a company or individual owes to the government based on earnings, which is recorded as an expense in financial statements.

Pretax Income

The earnings of a company before income taxes have been deducted, representing the financial performance from normal operations.