Despite the Obvious Linkage with the Business, Identifying Essential IT

question 31

True/False

Despite the obvious linkage with the business, identifying essential IT capabilities is largely an internal IT exercise.

---

Definitions:

Journal Entries

Accounting records that document all the financial transactions of a business, showing the debits and credits for each transaction.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of the other.

Forward Exchange Contract

An agreement to exchange currencies at a specified rate on a predetermined future date, used to hedge against currency risk.