Which of the Following Advanced Methods for EC Justification and Evaluation

question 26

Multiple Choice

Which of the following advanced methods for EC justification and evaluation uses the idea of critical success factors and focuses on key organizational objectives and the potential impacts of the proposed EC project on each of them?

• A) benchmarks
• B) management by maxim
• C) performance dashboard
• D) information economics

Comprehend the complexities and challenges associated with managing information systems within modern organizations.

Identify the various roles and responsibilities within an IS (Information Systems) organization and their contributions to its operations.

Recognize the innovative use of technology in non-traditional settings, such as sports and leisure.

Recognize the changing landscape of the IS workforce and the strategic importance of the IS function within organizations.

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Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Variable Cost

Expenses that fluctuate directly and proportionately with changes in production volume or activity level, such as raw materials and direct labor.

Planning Budget

A financial plan that forecasts revenue, expenditures, and resources needed for a particular period.

Static Budget

A financial plan that does not change or adjust over the period for which it is set, regardless of variations in activity levels or performance.