CIOs Need to Effectively Communicate the Value of Proposed EC

question 34

Multiple Choice

CIOs need to effectively communicate the value of proposed EC projects in order to gain approval for all of the following reasons except:

• A)Companies now realize that EC is not necessarily the solution to all problems.
• B)Some large companies,and many public organizations,mandate a formal evaluation of requests for funding.
• C)The success of EC projects may be assessed in order to pay bonuses to those involved with the project.
• D)Demand for expanding or initiating e-business projects is no longer strong so there are fewer requests for funding.

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Definitions:

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.

Relatively Elastic

Describes a situation in which the quantity demanded of a good or service changes significantly due to a change in its price.

Time Interval

A specific duration or period between two points or events in time.

Substitutes

Substitutes are goods or services that can replace each other in usage, providing consumers with alternative choices when purchasing.