The Effectiveness of the IT Function Relies Heavily on Each

question 64

Multiple Choice

The effectiveness of the IT function relies heavily on each of the following except ________.

• A)Relationships with vendors
• B)Implementing the latest social networks
• C)Relationships with third-party suppliers
• D)IT governance

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Definitions:

Sales On Account

Transactions where the buyer is allowed to purchase goods or services with the agreement to pay at a later date, typically recorded as accounts receivable.

Cost Of Goods Sold

Direct costs attributable to the production of the goods sold by a company.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Current Ratio

A measurement indicating how well a business can cover its short-term debts with its available assets, made by dividing current assets by current liabilities.