A CIO Must Have a Strong Understanding of Technology and a Limited

question 46

True/False

A CIO must have a strong understanding of technology and a limited understanding of the business.

Understand the process and purpose of bank reconciliations in managing cash balances.

Identify the risks and limitations associated with internal control systems, including human errors and collusion.

Understand the classification and management of cash equivalents and their impact on a company's liquidity.

Understand the primary components of an internal control system and differentiate between control activities.

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Definitions:

Outline Data

The structure and hierarchy of data that has been organized in an outline format, typically showing the relationships between different levels of information.

Group Button

A control element in user interfaces that allows for the collective manipulation of objects or elements, such as aligning or grouping multiple items in a document or presentation.

Margins

The blank space surrounding the text in a document or the edges of a page where no text or images are printed.

Page Layout Tab

A feature in many word processors and design programs that provides tools for editing the page orientation, size, margins, and other layout elements.