Which of the Following Software Is Cost Effective Since the Vendor

question 39

Multiple Choice

Which of the following software is cost effective since the vendor that builds the application spreads out the development costs by selling copies to a large number of users?

• A) packaged software
• B) bespoke software
• C) adapted software
• D) corrected software
• E) custom software

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Definitions:

Required Reserve Ratio

The percentage of deposits that banks are legally required to keep on hand as reserves, not loaned out.

Excess Reserves

Excess reserves are the capital reserves held by banks beyond the required minimum, often placed with central banks, earning interest.

Money Supply

The total amount of monetary assets available in an economy at a specific time, which includes cash, coins, and balances held in checking and savings accounts.

Time Deposits

Time deposits are bank deposits with a fixed term or maturity date, where the depositor agrees not to withdraw the funds until that date, typically earning a higher rate of interest.