The IFAC Suggested Ten Core Principles of Effective Information Technology

question 6

Multiple Choice

The IFAC suggested ten core principles of effective information technology planning.Which of these are not one of those ten core principles?

• A) Alignment
• B) Unbiased
• C) Measurable Performance
• D) Achievability

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Definitions:

Conversion Cost

The sum of labor and overhead expenses incurred to convert raw materials into finished products.

Mixing Department

A production area focused on combining various materials or components to create a product.

First-In, First-Out

An inventory valuation method in which the goods first acquired are the first to be sold, assuming costs rise over time.

Weighted-Average Method

An inventory costing method that assumes goods are interchangeable and calculates the cost of ending inventory and the cost of goods sold based on the average cost of all similar items.