A Steering Committee Is a Group of Senior Managers from the Major

question 45

True/False

A steering committee is a group of senior managers from the major business functions that works with the chief information officer to set the IS priorities.

---

Definitions:

Transportation Costs

Expenses associated with the movement of materials, goods, or personnel by road, rail, air, or sea.

Short-Term Lease

A lease agreement with a duration, typically less than a year, used for temporary occupancy or use of assets.

Fixed Asset

Tangible assets, like buildings, machinery, or vehicles, intended for use over a long period and not readily convertible into cash.

Rent Expense

The cost incurred by a business for leasing property or equipment used in operations, reflected as an expense on the income statement.