There Are Frequently Many Canned Software Packages Available

question 58

Multiple Choice

There are frequently many canned software packages available.However,many companies choose to develop their own software.Why?

• A)An organization may have unique requirements that are not addressed by canned software packages.
• B)Canned software packages are often less expensive than software developed in house.
• C)The organization's size and complexity necessitates the in-house development of software.
• D)A and C above are correct.

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Definitions:

FIFO Method

"First In, First Out," an inventory valuation method where goods are sold in the order they were acquired.

Operation Costing

A hybrid costing system used where products have some common and some individual processes or components.

Repetitive Mass Production

A manufacturing process where the same product is produced in high volumes using a continuous, streamlined process.

Unique Features

Characteristics or aspects that distinguish a product, service, or concept from others in its category.