It Can Be Assumed That Mature IT Functions Would Be

question 48

True/False

It can be assumed that mature IT functions would be likely candidates for external delivery, while unique functions would be likely candidates for internal delivery.

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Definitions:

Depreciation

The gradual reduction of the recorded cost of a fixed asset over its useful life.

Net Income

Net income is the total profit of a company after all expenses, including taxes and costs, have been subtracted from revenues.

Indirect Method

The indirect method is a way of calculating cash flows from operating activities for the cash flow statement by starting with net income and adjusting for changes in balance sheet accounts.

Liquidity

The simplicity of turning an asset into cash without impacting its market value.