When Top Management Directs and Controls All Functions of the Computer

question 69

Multiple Choice

When top management directs and controls all functions of the computer information system through a chief information officer,the system is said to be:

• A)centralized.
• B)decentralized.
• C)effective.
• D)outsourced.

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Definitions:

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment funds, playing a critical role in the economy.

Legal Reserve Requirements

Guidelines enforced by central banks on the minimal reserves that banks should maintain in relation to their deposits.

Destroyed Money

The process of physically eliminating money from circulation, typically by central banks, to manage a currency's supply.

Check Clearing

The process by which banks settle transactions by transferring money from the check writer's account to the recipient's account.