When Considering Strategic Planning for Information Systems and Planning for the Overall

question 5

Multiple Choice

When considering strategic planning for information systems and planning for the overall organization which of the following are true?

• A)The IS strategic plan must support and enable the organization's goals.
• B)The CIO prioritizes and merges the requirements from each department to develop a master strategic plan.
• C)The CIO selects a project manager for each major project within the overall strategic plan.
• D)The IS strategic plan must be revised much more frequently than the organization's strategic plan.
• E)The CIO is ultimately responsible for IS strategic planning.

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Definitions:

Direct Labor

Labor costs directly tied to the production of goods or services, which include wages for workers who physically produce a product.

Manufacturing Overhead

Expenses related to the manufacturing process that are not directly tied to the production of goods, such as utility costs, maintenance, and factory rent.

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behaviors are valid for a specific operation or business scenario.

Average Costs

The total cost of production divided by the total quantity produced, often used to determine profitability at various levels of output.