A Prerequisite for Effective IT-Business Alignment for the CIO to Understand

question 30

True/False

A prerequisite for effective IT-business alignment for the CIO to understand the latest technologies and for the CEO and business planners to understand competitors.

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Definitions:

Inventory Turnover

Inventory turnover is a ratio showing how many times a company has sold and replaced inventory over a period.

Operating Lease

An operating lease is a contract that allows for the use of an asset but does not transfer ownership rights of the asset to the lessee.

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes, as it transfers substantially all risks and rewards of ownership.

Expense Charged

An amount incurred by a business as a result of its operational activities.