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A steering committee identifies and assesses all possible systems development projects that the organization could undertake.
Nonpayment
The failure to fulfill a financial obligation, such as not paying bills, debts, or invoices when they are due.
Fiscal Year
A 12-month period used for accounting purposes and preparing financial statements, which may not necessarily align with the calendar year.
Stockholder's Equity
The ownership interest of shareholders in the assets of a corporation, represented by their shares of the company's stock.
Owners
Individuals or entities that hold legal possession and control over a business or asset, having a claim on the business's profits and an obligation for its debts.
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