The First Step in the Planning Process Is _____

question 11

Multiple Choice

The first step in the planning process is _____.

• A)to tie the information technology strategic plan to the organization's overall strategic plan  
• B)to perform a business area analysis  
• C)to start defining potential IT projects in terms of their scope, benefits, and constraints  
• D)to choose which projects to do and assigning resources to work on them

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Definitions:

Disposable Income

The sum of funds that families can allocate to expenditure and savings once they've paid their income taxes.

MPC

The marginal propensity to consume, which represents the proportion of an increase in income that is spent on consumption rather than being saved.

Saving

The share of earnings not used for immediate spending but saved or invested for future needs.

Consumption Function

An economic formula representing how consumer spending is related to various factors, including income levels.