Broad Functions of a CIO Include All of the Following

question 12

Multiple Choice

Broad functions of a CIO include all of the following except:

• A) Ensuring the delivery of all IT projects, on time and within budget.
• B) Ensuring that the strategic vision of IT is in line with the strategic vision of the organization.
• C) Building and maintaining strong executive relationships.
• D) Building and maintaining strong customer processes.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from its total revenues, indicating its profitability.

Purchase Returns

Goods returned by the purchaser to the supplier due to defects, excess supply, or other reasons, often resulting in a refund or credit.

Cost of Goods Sold

The direct financial costs required for the manufacture of a company’s products, involving materials and labor expenses.

FIFO

An accounting method for valuing the cost of goods sold that assumes the earliest items purchased are the first to be sold.