Outsourcing Has Made In-House Information Systems (IS)/IT Functions Obsolete

question 12

True/False

Outsourcing has made in-house information systems (IS)/IT functions obsolete.

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Definitions:

Agent

An individual authorized to act on behalf of another, known as the principal, in legal or business matters.

Specific Power of Attorney

A legal document that grants an agent the authority to act on behalf of the principal in specific matters or transactions.

Agency Agreement

A contract creating a fiduciary relationship whereby the first party consents that the actions of a second party bind them in relations with a third party.

Principal

The main party to a transaction or contract who has authorized an agent to act on their behalf.