The Overall Goal of Information Management Is ___________

question 58

Multiple Choice

The overall goal of information management is ___________.

• A)To reduce costs and maintain high standards of information security by setting strict guidelines for access.
• B)To design and implement a well-planned out IT architecture,policies,and procedures needed to support the information and decision needs of an organization.
• C)To insure compliance with government regulations regarding privacy,security and confidentiality.
• D)Reduce the size of an organization's workforce and reliance on skilled employees.

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Definitions:

Evaluating

The process of assessing or examining something with the possible intent of instituting change based on that assessment.

Unit Costs

The cost incurred to produce, store, and sell one unit of a product, calculated by dividing the total costs by the number of units produced.

Absorption Costing

Absorption costing is an accounting method that includes all direct and indirect manufacturing costs in the cost of a product.

Manager Bonuses

Extra compensation awarded to managers based on performance criteria or company profitability.