Define outsourcing and explain some of the computing tasks that are well suited to outsourcing
What will be an ideal response?
Outsourcing is the shift of IT infrastructure and systems development to external vendors. This is a good option for companies without the resources or technical capability to perform certain computing tasks. Tasks well suited to outsourcing include website hosting, web design, development of custom software, and software maintenance. More basic tasks such as data entry and call center operation are often outsourced as well. Outsourcing often requires firms to enter into a service level agreement (SLA) that defines the specific responsibilities of the service provider.
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The first step in undertaking a retail audit is _____
a. developing audit form(s) b. determining when and how often the audit is conducted c. determining who does the audit d. conducting the audit
In order to be accommodating to older workers, it's best to assume that they might need help with advanced technologies
Indicate whether the statement is true or false
Other things equal, a firm that must obtain its long-term debt and equity in a highly illiquid domestic securities market will probably have a:
A) relatively low cost of capital. B) relatively high cost of capital. C) relatively average cost of capital. D) cost of capital that we cannot estimate from this question.
Zack Peyton borrowed $398,000 from Fifth First Bank to purchase a new home. Zack gave First Bank a mortgage on his home. The mortgage was recorded on January 3, 2014. Zack had made a down payment of $42,000. When Zack moved in, he purchased an in-ground swimming pool from Paddock Pools for $35,000. Zack paid Paddock $4,000 and Paddock financed the remaining amount for him, recording a mortgage
for $29,000 on February 26, 2014. Zack needed window coverings, landscape, and some new furniture. Wells Fargo gave Zack a $150,000 home equity line of credit, secured by a mortgage on Zack's home for $150,000. Wells Fargo recorded the home equity credit line mortgage on February 1, 2014. Zack, because of a bonus at work, did not draw on the line of credit until June 10, 2015, using $25,000. The economy went south somewhere around September 2015. The value of Zack's home dropped by almost 50%. Zack lost his job. He could no longer make his payments. Fifth First Bank served Zack with a notice of foreclosure on November 1, 2015. ?Three months after Tommy bought Zack's house at the foreclosure sale Zack is able to find a job and received a signing bonus of $575,000. Zack wants his house back. A)?Because the sale has occurred and the transfer been made, Zack has no further rights in the property. B)?Zack can purchase the house from Tommy if he pays Tommy the sale price plus all the foreclosure expenses. C)?Zack can get his house back if he pays Fifth First, Paddock, and Wells Fargo the amounts due, plus interest, plus expenses. D)?Zack can get his house back if he pays the principal amounts due on all three loans.