Why Is It Insufficient to Develop a Long-Term IT Strategy

question 62

Multiple Choice

Why is it insufficient to develop a long-term IT strategy and not reexamine the strategy on a regular basis?

• A)Systems need to be maintained
• B)To keep the CIO part of the executive team
• C)Organizational goals change over time
• D)To automate business processes

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Definitions:

Greater Than One

A mathematical condition indicating that a number or quantity is larger than the value of one.

Risky Asset

An asset whose returns can vary considerably and are not predictable, presenting a higher chance of loss.

Risk-free Asset

An investment that is assumed to have no risk of financial loss, typically represented by government bonds.

Beta

A measure of a stock's volatility in relation to the stock market as a whole, indicating the risk associated with investing in a particular stock.