Question

The decision whether to purchase trust software programs or outsource IT functions and the selection of an appropriate trust operating system depend upon several factors including (check all that apply):

a. Volume and complexity of trust services provided.
b. In-house expertise.
c. Cost/benefit analysis of the outsourcing arrangement,
d. Basic controls are no longer needed by outsourcing.

Answer 1

When deciding between purchasing trust software programs or outsourcing IT functions, several factors should be considered, including the volume and complexity of trust services provided, in-house expertise, and a cost/benefit analysis of the outsourcing arrangement (a).

Step-by-step explanation:

The Factors to Consider when Deciding Between Purchasing Trust Software Programs or Outsourcing IT Functions

When deciding whether to purchase trust software programs or outsource IT functions, there are several factors to consider:

1. Volume and complexity of trust services provided: If your organization handles a large volume of complex trust services, it may be more cost-effective to invest in trust software programs that can handle the workload efficiently.
2. In-house expertise: The availability of in-house expertise is crucial. If your organization has skilled IT professionals who can effectively manage and maintain trust software programs, it may be more advantageous to purchase and maintain the software in-house.
3. Cost/benefit analysis of the outsourcing arrangement: Outsourcing IT functions can be beneficial if it reduces costs and improves efficiency. A thorough cost/benefit analysis should be conducted to determine if outsourcing is the right choice for your organization.

These factors should be carefully evaluated to make an informed decision about whether to purchase trust software programs or outsource IT functions.