One of the Disadvantages of Proprietary Software Is That

question 61

Multiple Choice

One of the disadvantages of proprietary software is that:

• A) it is hard to control results even if one is involved in the development of software.
• B) it is difficult to achieve what is required in terms of features and reports.
• C) it does not allow modification of features
• That one might need to counteract an initiative by competitors.
• D) it can take a long time and significant resources to develop the required software features.

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Definitions:

Job Costing

A cost accounting method that accumulates costs individually for each job rather than for a set period of time.

Service Costs

Expenses associated with providing services to customers, including labor, materials, and overhead costs.

Actual Cost Analysis

The process of examining the real and total costs incurred in the production of goods or provision of services, after the fact, to ensure accurate costing and pricing.

Indirect Costs

Expenses that are not directly traceable to a product, service, or project, such as rent, utilities, and administrative salaries.