What Is a Major Problem with "Canned Software

question 60

Multiple Choice

What is a major problem with "canned software"?

• A) A commercial software development company has developed it.
• B) Canned software is sold on the open market to a broad range of users with similar requirements.
• C) Canned software may not meet all of a company's information or data processing needs.
• D) Canned software may offer easy availability and lower costs.

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Definitions:

Decorated Cakes

These are cakes that have been aesthetically designed and adorned with icing, frosting, and other edible decorative elements.

Total Cost Concept

The total cost concept is an approach in economics and accounting that considers all costs related to the production and delivery of a product or service, including fixed, variable, and indirect costs.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Markup Percentage

The fraction applied on top of the buying price of products to include expenses for overhead and yield a profit.