A(n)________ Committee Is a Group of Senior Managers from the Major

question 55

Multiple Choice

A(n) ________ committee is a group of senior managers from the major business functions that works with the CIO to set the IS priorities and decide among major IS projects and alternatives.

• A) enforcement
• B) disciplinary
• C) administrative
• D) steering

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Definitions:

Payback Period

The amount of time it takes for an investment to generate cash flow sufficient to recover its initial cost.

Operating Costs

Expenses associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Purchase Price

The amount paid to acquire a product or service, or the cost at which something is bought.

Salvage Value

The forecasted worth of an asset upon reaching the end of its utility.