Serviceability Is How Quickly a Third-Party or Vendor Can Change

question 87

True/False

Serviceability is how quickly a third-party or vendor can change a system to ensure it meets user needs and the terms of any contracts including agreed levels of reliability, maintainability or availability.

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Definitions:

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in net income or loss.

Cost of Goods Sold

Direct expenditures associated with the manufacture of products sold by a firm, covering materials and workforce.

Journal Entries

The records of financial transactions in the double-entry bookkeeping system, each of which must have a debit and a credit.

Purchase and Payment

Purchase and payment refer to the process of acquiring goods or services and subsequently settling the obligation to pay for these goods or services.