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What Are the Factors to Be Considered by Managers When

question 4

Essay

What are the factors to be considered by managers when making a make, buy, or rent decision to satisfy the IT needs of their firms?


Definitions:

Novation

The act of replacing one obligation with another, which involves a new party or a new agreement and extinguishes the original contract.

Substitute Contract

A legal agreement that replaces a previously made contract, either rectifying it or substituting parties or terms in the contract.

Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

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