The Alignment of IT with the Business Strategy Is Dynamic

question 39

Multiple Choice

The alignment of IT with the business strategy is dynamic and a(n) __________.

• A)ongoing process
• B)annual event
• C)challenge for operations managers
• D)decreasing in importance

---

Definitions:

LIFO

A method of inventory valuation where the last items added to inventory are the first ones to be used or sold, standing for Last In, First Out.

Weighted-Average

A calculation method that takes into account the varying degrees of importance of the numbers in a dataset.

Gross Profit Method

A method used to determine the value of the ending inventory using a predetermined gross profit rate. This method can be used to determine value of ending inventory if a loss from fire occurs.

Gross Profit

The financial metric calculated by subtracting cost of goods sold from total net sales, reflecting the efficiency of a company in managing its manufacturing costs.