What Would Senior Management's Role Be in Relation to the Question

question 56

Multiple Choice

What would senior management's role be in relation to the question "Whom do we blame if an IT initiative fails?"

• A)Decide which IT capabilities should be provided centrally and which should be developed by individual businesses
• B)Decided which features are needed on the basis of their costs and benefits
• C)Lead the decision making on the trade-offs between security and privacy on one hand and convenience on the other
• D)Assign a business executive to be accountable for every IT project,and monitor business metrics

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Definitions:

Financial Plan

An in-depth analysis of a person's present and potential financial condition, utilizing existing data to forecast future earnings, the value of assets, and strategies for withdrawals.

Capital Structure Policy

The strategy or approach a company takes in balancing its debt and equity financing to optimize its capital structure.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the short-term financial health and operational efficiency of a company.

Capital Budgeting Decisions

The process of planning and managing a company's long-term investments in major projects or assets.