Match Each of the Following Terms with Its Corresponding Definition

question 15

Multiple Choice

Match each of the following terms with its corresponding definition.
-The practice of turning over responsibility of some to all of an organization's information systems applications and operations to an outside firm.

• A)cloud computing
• B)reuse
• C)enterprise resource planning systems
• D)outsourcing
• E)request for proposal

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Definitions:

Acquisition Value

Acquisition Value is the total cost incurred to acquire an asset, including the purchase price and all related expenses.

Acquired Net Assets

The total assets purchased from a company during an acquisition minus the liabilities assumed in the process.

Equipment Account

An account on the balance sheet where the cost of purchasing equipment is recorded and progressively depreciated over time.

Specific Identification

An inventory costing method that tracks the actual cost of each individual item in inventory and assigns this cost to the goods sold.