Despite Being Old and Out of Date,it Is Often Crucial

question 95

Multiple Choice

Despite being old and out of date,it is often crucial for IS departments to maintain ________ systems because it may be too expensive to replace them.

• A)database
• B)enterprise
• C)knowledge management
• D)legacy

---

Definitions:

Governmental Fund Financial Statements

Financial reports that focus on the sources, uses, and balances of governmental funds and provide insight into fiscal accountability.

Proprietary Funds

Funds used by a governmental entity to account for activities similar to those found in private businesses, where the determination of net income, financial position, and changes in financial position is necessary.

For-Profit Organizations

Entities that operate with the primary goal of earning profit, distributing earnings to owners or shareholders.

Fiduciary Funds

Financial resources administered by a trustee or fiduciary on behalf of individuals or entities, following specific guidelines and for a specific purpose.