It Is the Duty of the __________ to Insure That

question 21

Multiple Choice

It is the duty of the __________ to insure that information systems,technology,and other critical activities are effectively governed.

• A)IT function
• B)Board of Directors (BOD)
• C)end users
• D)HR function

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Definitions:

Production Function

A mathematical model that describes the relationship between the inputs used in production and the output of goods or services produced.

Profit Maximization

The process in which a company calculates the most profitable pricing and production volume.

Production Function

An equation that describes the relationship between inputs used in production and the output generated from those inputs.

Factor Prices

The market prices of the inputs used in production, such as labor, capital, and land.