IT Planning Needs to Be a Continuous Process Because Technology

question 35

True/False

IT planning needs to be a continuous process because technology changes so quickly.

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Definitions:

Capital Lease

A leasing arrangement considered to have the economic characteristics of asset ownership for accounting purposes.

Retained Earnings

The portion of a company's profits that is kept or retained rather than distributed to shareholders or used to pay dividends, often reinvested into the business.

GAAP

Generally Accepted Accounting Principles represent the customary set of rules for financial accounting that are utilized in a particular jurisdiction.