Organizations That Have Created a Robust Set of Web Services

question 55

True/False

Organizations that have created a robust set of Web services around their processes and procedures are said to have a service-independent architecture.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, arising during the course of its operations.

Goods or Services

Products or activities provided by a business to customers in exchange for payment.

Revenue Recognition Principle

Revenues are recognized when the company transfers promised goods or service to customers in the amount it expects to receive.

Transferred

Transferred refers to the process of moving assets, responsibilities, or rights from one entity to another.