The IT Budgeting Process Often

question 32

Multiple Choice

The IT budgeting process often:

• A) is sufficient in most organizations.
• B) is sufficient but consumes too much managerial time.
• C) takes too long and consumes too much managerial time.
• D) takes too long and consumes too much managerial and governance time.

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Definitions:

Expenses

Outflows or the consumption of assets resulting from the operations of a business, leading to a decrease in equity.

Average Rate

A rate that represents the mean value of a set of rates, commonly used in the calculation of interest, speed, or other variables.

Estimated Average

The estimated average is a calculated middle value within a set of numbers, determined to represent a general or expected value in data analysis.

Annual Income

The total amount of income earned over a year, including wages, salaries, bonuses, and other earnings before taxes and deductions.