Which Two Elements of Financial Management for IT Services Are

question 158

Multiple Choice

Which two elements of financial management for IT services are mandatory?

• A) Budgeting and charging
• B) Accounting and charging
• C) Budgeting and accounting
• D) Costing and charging

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Definitions:

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income, which can vary depending on the level of income earned and jurisdiction.

Goodwill

A non-physical asset that is recognized when one business purchases another at a price higher than the combined fair market value of its physical and recognizable non-physical assets.

Bonds Payable

A liability companies incur when issuing debt securities to investors, repayable at a future date.

Fair Value

An estimation of the price at which an asset or liability could be traded in an orderly transaction between knowledgeable, willing parties.