Which of the Following Is a Responsibility of a Chief

question 45

Multiple Choice

Which of the following is a responsibility of a chief information officer (CIO) ?

• A)serving as the principal manager of the IS department
• B)heading the technology group
• C)evaluating new technologies that are relevant to the organization
• D)developing processes and information systems (IS)that implement business strategy

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenues.

Revenue Recognition Principle

The concept that supports recording revenues when services have been performed or products delivered to customers.

Cash

Money in the form of coins or banknotes held by an individual or organization, readily available for transactions.

Adjusting Entries

Bookkeeping entries executed at the termination of a financial period for the purpose of apportioning earnings and expenses to the actual period they took place.