With a Shrink-Wrap License,the User Will

question 54

Multiple Choice

With a shrink-wrap license,the user will:

• A) not find the licensing terms in a conspicuous place.
• B) agree to the terms of the license by clicking on an icon.
• C) find the license terms on the outside of a box containing software.
• D) not need to take any action to express consent to the agreement.

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Definitions:

Operating Activities

Transactions and events that affect the net income of a business, involving the primary revenue-producing activities of the entity.

Indirect Method

A method used in cash flow statement preparation that starts with net income and adjusts for changes in balance sheet accounts to arrive at cash provided by operating activities.

Cash Dividends

Earnings distributed by a company to its investors, usually representing a portion of profits.

Financing Activities

Transactions involving changes in the equity and borrowing of a firm as reported in its cash flow statement.