Examkin

Question

Difficulty: EasyTypes and Features of Accounting Software

Which type of accounting software package is ready-made, commercially available, and designed to meet the general accounting requirements of small and medium-sized businesses without requiring custom source code modification?

  1. Off-the-shelf softwareAnswer
  2. B
    Bespoke software
  3. C
    Customized software
  4. D
    In-house developed software

Answer

Off-the-shelf software is ready-made, commercially available accounting software designed for general business needs without requiring custom programming.
Off-the-shelf software refers to pre-packaged, standardized accounting programs (such as QuickBooks or Sage) that businesses can purchase and deploy immediately without custom development.

Step-by-Step Solution

1
Identify the key characteristics specified in the question stem
The target software is ready-made, commercially available, low cost, and requires no custom programming or source code modification.
Understanding business requirements helps match them to the correct category of accounting software.
2
Evaluate the categories of accounting software
Off-the-shelf packages are standard applications created for mass markets, whereas bespoke and customized systems involve tailor-made development or code modifications.
Off-the-shelf packages meet common user requirements directly upon installation.

Key Concept

Classification of accounting software: Off-the-shelf vs. Bespoke vs. Customized software
Rate this question

Topics

Types and Features of Accounting Software

More questions from this topic