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:

Standard Quantity

The predetermined amount of materials or resources expected to be used in a production process or manufacturing of a product.

Standard Price

A predetermined cost that is set for materials, labor, and overhead to evaluate financial performance against actual costs.

Actual Materials Purchased

The actual quantity of materials bought by a company for production purposes over a given period.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard variable overhead for the actual production level, reflecting efficiency in controlling variable overhead costs.