A Systems Analyst Is Participating in an Exchange of Services

question 2

True/False

A systems analyst is participating in an exchange of services with another organization. First, the analyst visits the partner organization, studies and evaluates their systems, and recommends changes and improvements. Then, a team of analysts from the partner organization visits the analyst's organization and performs the same service. This process is an example of benchmarking.

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Definitions:

Ratified

Refers to the formal approval or confirmation of an agreement or contract, typically making it officially valid.

Authority To Make Contracts

The legal capability or power granted to a person or entity to enter into binding agreements or contracts.

Audit

An official inspection of an individual's or organization's accounts, typically by an independent body, to verify their accuracy.

Trading Partnership

A Trading Partnership is a legal arrangement where two or more parties agree to conduct business activities together for profit, typically involving the buying and selling of goods or services.