External Entities Are Persons, Places, or Things Outside the Context

question 82

True/False

External entities are persons, places, or things outside the context of the system.

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Definitions:

Right To Recourse

The right to recourse refers to the legal ability to seek compensation or redress from a party that has failed to fulfill their contractual obligations.

Reimbursement

The act of compensating someone for an expense or loss incurred, often seen in business, insurance, and employment contexts.

Negotiable Instrument

A transferable, signed document that promises to pay the bearer or named party a certain sum of money either on demand or at a specified future date.

Drawer

In the context of financial instruments, the entity that writes or issues a check or draft.