Changes in an Organization's Storage Capability, Applications And/or Databases Should

question 200

Multiple Choice

Changes in an organization's storage capability, applications and/or databases should be anticipated as part of __________________________.

• A) The organization's long-range planning process
• B) An audit of the annual budget
• C) A review of future technology trends
• D) An audit of past technology expenses

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, which can include costs related to bonds, loans, and lines of credit.

Inventory Turnover Ratio

A financial metric indicating how many times a company's inventory is sold and replaced over a specific period.

Return on Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how well a company uses investments to generate earnings growth.

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders.