A(n) ________ refers to a contract whereby the owner of a software or a digital application grants limited rights to the owner of a computer or digital device to use the software or digital application for a limited period and under specified conditions.
A. service agreement
B. ISP covenant
C. electronic license (e-license)
D. exclusive license
Answer: C
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Markham, Inc. has received a contract for 8 units of a new product. The contract is a cost-plus contract, with the total to be received equal to the total labor cost + 30%. Markham found that the first unit of a new product required 90 hours to complete. The second unit was completed using only 76.5 hours. Markham believes that the rate of learning that was observed will continue for all 8 units of the contract. The labor wage paid is $40/hour. The following factors are available for various rates of learning: 80% learning, b = ?0.3219; 85%, b = ?0.2345; 90%, b = ?0.1520; 95%, b = ?0.0740.Required:(a.) What will the total labor cost be for the contract?f(b.) What will be the total fee for the contract?
What will be an ideal response?
Salespeople may represent their company to customers and, in turn, represent their customers within the company.
Answer the following statement true (T) or false (F)
The relationship of landlord and tenant is always created by a written contract
Indicate whether the statement is true or false
Peanut Corporation acquired 80 percent of Snoopy Company's voting shares on January 1, 20X8, at underlying book value. On Dec. 31, 20X8, it also purchased $500,000 par value 8 percent Snoopy bonds, which had been issued on January 1, 20X5 to Schulz Corporation (unaffiliated with either Peanut or Snoopy) at a $45,000 premium. The bonds were originally issued with a 12-year maturity and pay interest annually on December 31. During preparation of the consolidated financial statements for December 31, 20X8, the following consolidating entry was included in the consolidation worksheet: Bonds Payable500,000 Bond Premium33,769 Loss on Bond Retirement16,875 Investment in Snoopy Company Bonds 550,644Based on the information given above, what was the carrying amount of the bonds on Snoopy's
books on the date of purchase? A. $500,000 B. $550,644 C. $516,875 D. $533,769