Which of the Following Is True of In-House Custom-Developed Software

question 21

Multiple Choice

Which of the following is true of in-house custom-developed software?

• A)Developing custom software is easier than using a horizontal application.
• B)Custom-developed software need not be adapted to changing needs.
• C)An organisation can tailor its applications to fit its requirements.
• D)They are less expensive than off-the-shelf software.

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Definitions:

Return on Assets

A financial ratio indicating how efficiently a company is using its assets to generate earnings.

Return on Assets

A financial ratio indicating how profitable a company is relative to its total assets, measuring the efficiency of asset use in generating profit.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

EBIT

Earnings Before Interest and Taxes, a firm's earnings metric, accounts for all operational expenses aside from interest and taxes.