When the Nature of the Project and the Needs of the User

question 77

True/False

When the nature of the project and the needs of the user permit,most organizations will seek a pre-coded commercial software package rather than develop a system in-house.

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Definitions:

Unsold Units

Items that have been produced or acquired for sale but have not yet been sold during a specific period.

Ore Mined

The raw material extracted from the earth that contains valuable minerals or metals to be processed and utilized.

Patent Amortization

The gradual write-off of the cost of a patent over its useful life to reflect its consumption, expiration, or decline in value.

Franchise Acquisition

The process of acquiring the rights to operate a business under an established company's brand and system.