Which of the Following Statements Is True About a Data

question 95

Multiple Choice

Which of the following statements is True about a data administration staff function?

• A) The chief technology officer (CTO) heads the data administration staff function.
• B) The group establishes standards to protect information assets.
• C) This group includes system and network administrators exclusively.
• D) This group manages the process of creating new information systems.

---

Definitions:

Consumer's Surplus

The disparity between what consumers are prepared and capable of spending for a product or service and the actual amount they end up paying.

Price of Earplugs

The amount of money required to purchase a set of earplugs, often dependent on brand, quality, and quantity.

Net Change

Net change refers to the difference in the closing price of a stock, bond, commodity, or index on a given day compared to the closing price on the previous trading day.

Utility Function

A mathematical representation of how different bundles of goods are ranked according to their utility or satisfaction provided to the consumer.