This IT Function's Key Control Concern Is That Organization and IT

question 133

Multiple Choice

This IT function's key control concern is that organization and IT strategic objectives are misaligned:

• A) CIO
• B) quality assurance
• C) IT steering committee
• D) systems development manager

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Definitions:

Acquisition

Acquisition involves purchasing all or a substantial portion of the assets or ownership stakes of a company, effectively bringing it under the control of the acquiring entity.

Consolidated Common Stock

Represents the aggregation of common stock of a parent company and its subsidiaries, shown in the consolidated financial statements.

Acquisition Transaction

An acquisition transaction involves one company purchasing most or all of another company's shares to gain control of that company.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to a share of the company's profits through dividends and/or capital appreciation.