A Practice in Which an Organization Sells Its IT Resources

question 72

Short Answer

A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

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Definitions:

Current Account

A component of a country's balance of payments that includes the balance of trade, net income from abroad, and net current transfers.

Double-Entry Bookkeeping

An accounting practice that ensures every transaction affects two accounts, maintaining the balance of the accounting equation.

Foreign Currency

Money or currency used in another country, differing from one's own domestic currency.

Exchange Rate

The rate at which one currency can be exchanged for another currency.