Development in Software Technologies Result in

question 31

Multiple Choice

Development in software technologies result in

• A) Increased competition from established industry rivals
• B) Increased competition from new entrants into the industry
• C) Increased competition from new entrants offering substitute products or services
• D) A and B only
• E) A, B and C

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Definitions:

Operating Activities

Transactions and events that relate to the core business functions, such as receipts from sales of goods and services, payments to suppliers, and salaries to employees.

Depreciable Asset

A type of asset that loses value over time due to wear and tear, decay, or obsolescence, which can be accounted for through depreciation.

Indirect Method

A method of preparing the cash flow statement in which net income is adjusted for non-cash transactions and changes in working capital.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.