________ Takes Place When a Firm Contracts Custom Software Development

question 65

Short Answer

________ takes place when a firm contracts custom software development or maintenance of existing legacy programs to outside firms.

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Definitions:

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income, reflecting the value of exports and imports of goods and services.

Money Outflows

The flow of money out of a business, organization, or economy, typically for the purpose of expenses, investments, or purchasing goods and services.

Assets Abroad

Investments or capital holdings a country or individual has in foreign countries, including real estate, stocks, bonds, and other financial assets.