Over Time the Role of the CIO

question 51

Multiple Choice

Over time the role of the CIO:

• A) Has remained the same.
• B) Has decreased in level of responsibility.
• C) Has changed dramatically, superseding the role of the chief executive officer.
• D) Has changed dramatically, becoming more integrated into the overall strategic direction of the firm.

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Definitions:

Adjusted Trial Balance

An Adjusted Trial Balance is a listing of all company accounts that will appear in the financial statements after year-end adjustments are made.

Financial Statement Column(s)

These are the columns in financial statements such as balance sheets and income statements, organizing financial information into categories like assets, liabilities, revenues, and expenses.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.