Software Algorithms Are a Form of ________ That,once Developed and Paid

question 89

Multiple Choice

Software algorithms are a form of ________ that,once developed and paid for,can be reused many times at a very low cost.

• A) tacit asset
• B) intangible asset
• C) knowledge asset
• D) social asset

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Definitions:

Selling Price

The amount of money charged for a product or service, or the sum of the value that customers exchange for the benefits of having or using the product or service.

Product Costs

Product Costs are the costs directly associated with the production of goods or services, including materials, labor, and manufacturing overhead.

Financial Reporting

The process of disclosing financial results and statements to stakeholders (such as investors and creditors) to provide insight into a company's financial health.

Units Made

The total number of finished products that a company has manufactured over a specific period.