In Creating a New Information Technology (IT)related System That Includes

question 33

True/False

In creating a new information technology (IT)related system that includes the acquisition of new computing and/or networking hardware,the hardware takes longer than expected to arrive at the installation site.In the context of risk management,this is an example of an unknown risk.

---

Definitions:

Book Income

The income reported by a business for financial accounting purposes, which may differ from taxable income due to different accounting methods.

Taxable Income

The portion of income that is subject to income tax after deductions and exemptions.

AMT Exemption

An amount exempt from the Alternative Minimum Tax, designed to ensure that taxpayers with higher income pay a minimum amount of tax.

Corporation

A legal entity owned by shareholders, with rights and liabilities distinct from those of its owners, and subject to corporate income tax.