Purchased software cannot be modified
Indicate whether the statement is true or false
FALSE
Explanation: Some purchased software cannot be modified, these we would call turnkey systems.
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The approach by a firm to give away a base product and make money on the complementary products required to make the base product useful is called:
a. installed base pricing b. no alternative pricing c. captive product pricing d. monopolistic pricing e. predatory pricing
When all the transactions affecting an account have been recorded we say that they have been ____________________.
Fill in the blank(s) with the appropriate word(s).
Sue spends much of her time checking inventories, processing straight rebuys, and making sure that everything is going smoothly. Sue is primarily a(n)
A. order getter. B. sales support rep. C. business development specialist. D. caretaker rep. E. order taker.
How is the average number of days to collect accounts receivable computed?
A. Accounts Receivable ÷ Net income B. Accounts Receivable ÷ 365 C. 365 ÷ Accounts receivable turnover ratio D. Sales ÷ Net accounts receivable