When a Company Purchases Software, It Has

question 48

Multiple Choice

When a company purchases software, it has:

• A) Purchased the rights of ownership
• B) Purchased a license to use the software under the terms of the agreement
• C) A difficult time obtaining a license because of legality issues
• D) None of the choices are correct.

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Definitions:

Other Countries

Pertains to nations different from one's own, implicating a global perspective or comparison.

Direct Foreign Investment

Occurs when a firm headquartered in one country builds or purchases operating facilities or subsidiaries in a foreign country.

Physical Assets

Tangible and material assets such as buildings, machinery, and equipment owned by a business.

International Environment

The global context within which organizations operate, including economic, social, cultural, and political factors.