Which of the Following Is a Responsibility of a Chief

question 45

Multiple Choice

Which of the following is a responsibility of a chief information officer (CIO) ?

• A)serving as the principal manager of the IS department
• B)heading the technology group
• C)evaluating new technologies that are relevant to the organization
• D)developing processes and information systems (IS)that implement business strategy

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Definitions:

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, or equipment.

Dividend Increase

An increase in the amount of payment made by a corporation to its shareholders, usually realized when the company has achieved additional profits.

Additional Financing

Funds that are raised by a company through borrowing or issuing new equity, in addition to its existing capital.

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue; the higher the turnover, the better.