Which of the Following Statements Is True About IS Planning

question 18

Multiple Choice

Which of the following statements is true about IS planning functions?

• A) The COO is the sole representative for IS and IT issues within the executive staff.
• B) The steering committee represents the IS department exclusively in high-level discussions.
• C) The IS department's priorities are developed by the CEO.
• D) The CEO and other executive staff decide the membership of the steering committee.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and maintenance of financial stability.

Check Clearing

The process by which money is transferred from the checking accounts of the writers of checks to the checking accounts of the recipients of the checks.

Insuring Bank Deposits

A government or independent institution's act of providing a guarantee to bank depositors that their deposits will be protected up to a certain limit in the event of a bank failure.

Time Deposits

Time Deposits are savings accounts or certificates of deposit (CDs) that lock the depositor's funds for a certain period of time, during which early withdrawal incurs penalties.