In Terms of Software Design for Custom-Developed Programs, a Development

question 62

True/False

In terms of software design for custom-developed programs, a development team identifies off-the-shelf products and then determines the alterations required.

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Definitions:

Intangibles

Assets owned by a business that have no physical nature but possess value due to content or legal rights, such as copyrights and trademarks.

Copyright

A form of legal protection given to creators of original works of authorship, including literary, dramatic, musical, and certain other intellectual works.

Organization Costs

Expenses related to the formation of a corporation, partnership, or other entity, such as legal and accounting fees.

Amortized

The gradual reduction of a debt over a period of time through regular payments of principle and interest.