The EC Application Development Option That Is Most Appropriate When

question 4

Multiple Choice

The EC application development option that is most appropriate when an application is needed quickly,money is in short supply,and/or the new system is not expected to provide a competitive advantage is:

• A)insourcing.
• B)outsourcing.
• C)leasing.
• D)purchasing a commercial application.

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Definitions:

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and ensuring stock market integrity.

GAAP

Generally Accepted Accounting Principles; a collection of commonly followed accounting rules and standards for financial reporting.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Financial Statements

Records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.