Why Is It Necessary to Develop a Long-Term IT Strategy

question 34

Multiple Choice

Why is it necessary to develop a long-term IT strategy and reexamine the strategy on a regular basis?

• A)Systems need to be maintained
• B)To keep the CIO part of the executive team
• C)Organizational goals change over time
• D)To automate business processes

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Definitions:

Compensating Differential

The difference in wages that arises to compensate workers for the non-monetary aspects of different jobs, like risk levels, working conditions, or job location.

Malpractice Insurance

A type of professional liability insurance purchased by healthcare professionals to cover the cost of being sued for malpractice.

Labor Markets

Markets where labor services are exchanged for wages; involves the interaction of employers (demand for labor) and workers (supply of labor).

Discrimination

Unfair or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, in various settings including employment, housing, and access to services.