Which of the Following Best Describes the Role of Executive

question 85

Multiple Choice

Which of the following best describes the role of executive champions?

• A) They provide financial resources to support the project.
• B) They promote the new technology throughout the organization.
• C) They develop and operate the new technology.
• D) They coordinate the technological efforts of various business units.
• E) They assess technological implications.

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Definitions:

Competitive Bidding

A procurement process where suppliers submit bids to win a contract, ensuring transparency and fairness while possibly lowering costs.

Offer Price

The price at which a seller is willing to sell a security or asset, often differing from the bid or purchase price offered by a buyer.

Underwriters

Financial specialists who assess and take on certain risks by guaranteeing to pay a certain amount for securities offered by a corporation or government.

Best-efforts Offering

A type of securities underwriting where the underwriter agrees to sell as much of the offering as possible, but not to purchase the securities outright.