Which of the Following Is Not True Regarding a Software

question 38

Multiple Choice

Which of the following is not true regarding a software package at the entry-level,such as Peachtree:

• A)It is likely to cost a few thousand dollars to implement it fully
• B)It is scalable
• C)It is unlikely to incorporate Internet connectivity
• D)It is suitable for many businesses with less than $5 million in revenues
• E)It will include sample,customizable Charts of Accounts

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Definitions:

Transferable Shares

Shares that can be transferred from one party to another, typically without restriction.

Corporation

A legal entity recognized by law as separate from its owners, capable of conducting business, entering into contracts, and owning assets, with shareholders who invest money for the potential of profitability.

Large Companies

Businesses or organizations that operate on a large scale, often having extensive operations, personnel, and financial turnover.

Bad Debt

Money that has been lent or credited but is unlikely to be repaid and is therefore considered a loss.