The University System of Georgia's CIO Believes the Best Way

question 68

Multiple Choice

The University System of Georgia's CIO believes the best way to collaborate with 31 independent-minded university CIO's is to look for scenarios where three to five universities are planning to purchase the same product and therefore can consolidate their buying or centralize their service. One specific example of how the CIO utilized this strategy to resolve a problem was to develop a centralized system for _________.

• A)class management
• B)managing faculty benefits
• C)paying tuition
• D)student registration

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Definitions:

Lower-Of-Cost-Or-Market

The lower-of-cost-or-market rule is an accounting principle requiring companies to record the cost of inventory at the lower value between its original cost and current market price.

Market Decline

A reduction in the overall value of the market, often indicated by decreases in stock prices and market indexes.

Lower Of Cost

is an accounting principle requiring inventory to be recorded at the lower of either its historical cost or current market value, ensuring assets are not overstated.

Market

A venue where buyers and sellers meet to exchange goods, services, or financial instruments.