Software Piracy

question 11

Multiple Choice

Software piracy:

• A) has caused the software industry to become unprofitable.
• B) is fairly consistent across countries throughout the world.
• C) typically is not rigorously deterred by governments in less developed countries.
• D) has a very low rate in former communist countries.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects on its credit sales.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.

Net Sales

The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects its receivables or the speed of debt collection from customers.