Firms Should Consider Developing Custom Software Only If

question 96

Multiple Choice

Firms should consider developing custom software only if

• A)it will be used for critical functions like accounts receivable.
• B)it will contribute to development of a significant competitive advantage.
• C)the firm has the necessary expertise available in-house.
• D)the available canned software is very expensive.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, often referred to as the bottom line.

Dividends

Distributions of a company's earnings given to its shareholders, typically originating from the company's profits.

Red Income

This term is also not recognized in standard economic discussions and might be used in a specific context that is not universally defined.

Ambrosia

Often referred to in ancient texts, ambrosia is described as a divinely nourishing substance associated with immortality.