Each of the Following Is Considered a Demonstrable Belief in IT

question 29

Multiple Choice

Each of the following is considered a demonstrable belief in IT by the CEO except:

• A) the CEO sends signals about the positive value of IT.
• B) there is a core group of business priorities that drive the need for the continuous enhancement of the technology infrastructure.
• C) there is a one-way relationship between the CEO and CIO whereby the CEO directs the CIO as to which technologies to invest in.
• D) there is a context of change in the organization that supports the need for successful exploitation of technology.

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Definitions:

Equilibrium Quantity

The amount of goods or services supplied that is equal to the amount demanded at the market equilibrium price.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.

Consumer Surplus

The difference between the highest price a consumer is willing to pay for a good or service and the actual market price they pay.