During the Operation Phase of the IT System, It Is

question 72

True/False

During the operation phase of the IT system, it is necessary that management receive regular reports that will enable management to determine whether IT is aligned with business strategy and meeting the objectives of the IT system.

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Definitions:

Budgeted Costs

Estimated costs for a future period, used for planning and control purposes in budgeting process.

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period before any purchases or production are added.

Ending Inventory

The total value or quantity of goods, materials, or products in stock at the end of an accounting period.

Raw Material

Basic substances in their natural, modified, or semi-processed states used as inputs to a production process for manufacturing goods.