Open Source Software Is

question 21

Multiple Choice

Open source software is

• A) An operating system that behaves like UNIX
• B) Software in which anyone can modify the source code
• C) A version of Windows
• D) A hobby

Distinguish between different forms of money such as fiat money, cryptocurrencies, and physical currency.

Explain the role of credit unions, finance companies, and Federal Reserve in the financial system.

Understand bartering as an alternative to the use of money in transactions.

Recognize the characteristics of money that make it effective in its various roles (divisibility, durability, acceptability, stability, portability).

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Definitions:

WorldCom

An American telecommunications company that was involved in one of the largest accounting fraud scandals in history, leading to its bankruptcy in 2002.

Buys Time

A phrase meaning to delay an event or decision in order to gain more time to make a better decision or prepare.

Ethical Action

Conduct or decisions made based on moral principles and values, typically reflecting what is considered right or acceptable behavior.

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, focusing on balancing the interests of its various stakeholders.