ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A concurrent software license is a type of license that is based on the maximum number of users who will use it simultaneously. For example, if a company purchases 5 concurrent licenses, that means that up to 5 of their employees can use the software at any given time.

Detailed explanation-2: -A node-locked license key is for use on one computer, and is tied to that computer. You do not need to run a license server if you are using a node-locked license. Floating or Server or Network license: A floating license system allows users on a network to check out individual licenses from a commonly shared set.

Detailed explanation-3: -Single user – The software is licensed for a single user and often a single computer. Multi-user – This license allows you to install a program onto multiple computers used by multiple users. Typically this may be a set number of users.

Detailed explanation-4: -Floating software license means that a limited number of software licenses are shared by a larger number of users on a first come, first served basis. In general, a software license simply defines the terms on which an end-user can legally access an instance of software.