What Is the Role of the Information Systems Steering Committee

question 54

Multiple Choice

What is the role of the information systems steering committee?

• A) It is a team of systems specialists, managers, accountants, and auditors that guides project development.
• B) Since AIS development spans functional and divisional boundaries, an executive-level group is established to plan and oversee the IS function.
• C) The group takes an active role in designing system controls and periodically monitoring and testing the system to verify the controls are implemented and functioning properly.
• D) None of the descriptions above are appropriate.

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Definitions:

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment.

Diseconomies Of Scale

Situations where a firm's costs per unit increase as the scale of production increases, typically due to inefficiencies that arise from becoming too large.

Diminishing Returns

A principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.

Diminishing Returns

A principle in economics that states as one input variable is incrementally increased, there comes a point when the rate of resultant output begins to decrease.