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:

Fixed-Period System

An inventory management system where stock levels are checked at fixed intervals and replenished as necessary, regardless of the inventory level.

Service Level

A measure of the quality of service provided, often defined by the percentage of customer demands met within a certain time period.

Firm

A business enterprise or establishment, often involved in the production and sale of goods or services.

Re-Order Point

A predetermined inventory level at which new stock should be ordered to replenish supplies before reaching a critically low or stock-out situation.