A Needs Assessment for IT Investments Should Include All of the Following

question 63

Multiple Choice

A needs assessment for IT investments should include all of the following except:

• A) Initial costs and annual maintenance.
• B) Who will have access to private records.
• C) Ability to upgrade.
• D) User friendly capability.

Understand the concept and application of net present value in evaluating investments.

Grasp the importance of capital budgeting in long-term financial planning.

Comprehend the relationship between discount rate and present value in financial analysis.

Understand the internal rate of return as a tool for making investment decisions.

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Definitions:

Insurable Interest

A principle requiring that a person purchasing insurance has a vested interest in the item or life being insured.

Double Chocolate Bars

Confectionery items that incorporate chocolate in at least two forms, such as chocolate coating and chocolate filling.

Confection Corporation

A business entity specialized in the production and sale of sweets and chocolates.

Perfect Tender Rule

A common law rule under which a seller was required to deliver to the buyer goods that conformed perfectly to the requirements stipulated in the sales contract. A tender of nonconforming goods would automatically constitute a breach of contract. Under the Uniform Commercial Code, the rule has been greatly modified.