Which of the Following Is True About Small and Medium-Sized

question 7

Multiple Choice

Which of the following is true about small and medium-sized enterprises (SMEs) that use the hosted software model?

• A)SMEs will have to buy the software from the vendor to use it.
• B)SMEs will have to invest heavily to use the software hosted by the vendor.
• C)SMEs will have to pay the software vendor if the software fails to provide value.
• D)SMEs will have to dispose of the software without large investments if it misses expectations.

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Definitions:

Uncertain Event

An event whose occurrence or outcome is not known or predictable with certainty, often associated with risk assessment.

Condition

A stipulation or requirement in a contract that must be met for the contract to be fully enforceable.

Anticipatory Repudiation

A contractual condition where one party indicates they will not fulfill their contractual duties before the time of performance is due.

Unforeseeable Circumstances

Events that could not have been predicted and therefore are out of the control of the contracting parties, often impacting contracts.