When the Strategic Planning Process of an Organization Is Directed

question 21

Multiple Choice

When the strategic planning process of an organization is directed inward,the IT organization is viewed as a _____.

• A)cost center/service provider
• B)business partner
• C)game changer
• D)dealer

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Definitions:

Owners' Equity

This is the residual interest in the assets of the entity after deducting liabilities, essentially representing the ownership interest of shareholders in a company.

Common Stock

Represents ownership shares in a corporation, providing voting rights and potential dividends to shareholders.

Paid-In Surplus

Additional capital that is contributed by shareholders above the par value of the shares, also known as additional paid-in capital.