An Advantage of Purchasing Packaged Software Is That the Organization

question 75

Multiple Choice

An advantage of purchasing packaged software is that the organization can _____.

• A) accept functionality that is not a perfect fit
• B) build technical skills and functional knowledge
• C) have developers climb the knowledge ladder
• D) make strategic changes during implementation
• E) save money on the purchase

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Definitions:

Stated Value

Arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.

Total Assets

The sum of all assets, both current and noncurrent, owned by a company, representing the resources it has at its disposal.

Stockholders' Equity

Represents the ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities. Also known as shareholder's equity or owner's equity.

Redemption Value

Redemption value is the amount payable to a security holder upon its maturity or the amount to redeem a bond before its maturity.