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

question 69

Multiple Choice

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

• A) steering committee
• B) discussion forum
• C) IS department
• D) directors committee
• E) tiger team

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Definitions:

Consumer Surplus

The variance between the price consumers are prepared to pay for a product or service and the price they actually incur.

Value

The importance, worth, or usefulness of something, often expressed in monetary terms but can also represent sentimental or intrinsic worth.

Sales Tax

A tax levied on the sale of goods and services, typically calculated as a percentage of the purchase price and collected by the retailer.

Corporate Income Tax

A tax imposed on the net income of companies.