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:

Linear

A term used to describe relations or functions that graph as straight lines, representing constant rates of change.

Mutually Beneficial Trades

Exchanges between parties that improve the welfare of all involved, typically occurring in markets where buyers and sellers agree on terms that leave them both better off.

Monopolist

A firm that is the only producer of a good that has no close substitutes.

Linear Demand Curve

A graphical representation showing how the quantity demanded of a good or service varies with its price, typically depicted as a straight line on a graph.