The IS Function with the Responsibility of Guiding the IT

question 150

True/False

The IS function with the responsibility of guiding the IT organization in establishing and meeting user information requirements is the IT steering committee.

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Definitions:

Variable Cost

Expenses that change in proportion to the volume of goods or services produced by a business.

Activity

An event that causes the consumption of overhead resources in an organization.

Cost Driver

A factor that causes a change in the cost of an activity, such as machine-hours or labor hours, used in determining pricing and profitability.

Flexible Budgets

Budgets that adjust or flex with changes in the volume or level of activity.