In-House Development,in Which Systems Are Developed or Other IT Work

question 103

Short Answer

In-house development,in which systems are developed or other IT work is done in-house,possibly with the help of consulting companies or ________.

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Definitions:

Typical Dissolution

The common process of legally dissolving a business or partnership, involving settling debts and distributing remaining assets.

Board of Directors

A group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.

Shareholders

are individuals or entities that own shares in a corporation, giving them a stake in the company's ownership and sometimes influencing its governance.

Illegal Dividend

A dividend declared and distributed by a company when it is not legally permissible to do so, either due to financial insolvency or violation of statutory requirements.