Which of the Following Is True for the Various Groups

question 74

Multiple Choice

Which of the following is true for the various groups in an IS department?

• A)The technology group manages individual computers,computer centers,networks,and communications media.
• B)The development group monitors the user experience and responds to user problems.
• C)The development group manages the process of creating new information systems.
• D)The operations group investigates new information systems technologies and determines how the organization can benefit from them.

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Definitions:

Liability Account

A Liability Account represents a company's financial obligations or debts that arise during the course of business operations.

Fair Market Value

The estimated price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell.

Investments

Assets purchased with the aim of generating income or appreciating in value over time, such as stocks, bonds, or real estate.

Disclosures

These are notes in financial statements that provide additional insight into the presented figures, accounting policies, and other relevant information.