In the Case of _____, Organizations Obtain a License to Implement

question 6

Multiple Choice

In the case of _____, organizations obtain a license to implement a version of the software product and are then able to further customize it to suit their needs.

• A) open-source software
• B) software leasing
• C) software-as-a-service (SaaS)
• D) custom development

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Definitions:

Best Efforts Basis

An agreement where an underwriter promises to make a best effort to sell as much of an offering as possible, but does not guarantee the sale of all securities offered.

Fixed Commission

A specified, unchanging fee charged for services, especially in financial transactions like stock trading.

Regulatory Bodies

These are government agencies or independent institutions that supervise and regulate specific industries or economic activities to ensure compliance with laws and standards.

Inactive Market

A market in which there are few transactions, leading to less liquidity and greater price fluctuations.