While a Relatively Simple Method for Funding, Corporate Budgeting

question 55

Multiple Choice

While a relatively simple method for funding, corporate budgeting:

• A) helps control the costs of IT.
• B) may result in an IT organization that is less end-user oriented.
• C) encourages sharing of funding resources between IT and business units.
• D) levies charges on specific users or business units.
• E) gives business managers sole control over IT decisions.

---

Definitions:

Currency

A medium of exchange for goods and services, typically issued by a government.

Clear-Cut

Unambiguous or obvious, often used to describe decisions or distinctions that are straightforward and easily discerned.

Malaysian Palm Oil

A significant commodity export from Malaysia, palm oil is a vegetable oil obtained from the fruit of the African oil palm tree and is used in food, cosmetics, and biofuel.

Translation Statement

A financial statement that converts the figures from a foreign subsidiary's local currency into the parent company's reporting currency.