The first step in the planning process is _____
a. to tie the information technology strategic plan to the organization's overall strategic plan
b. to perform a business area analysis
c. to start defining potential IT projects in terms of their scope, benefits, and constraints
d. to choose which projects to do and assigning resources to work on them
a
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Value reflects the ability of a product to
a. provide the best quality at any price. b. have all possible product and service characteristics. c. meet the majority of a customer's needs at the lowest possible price. d. have the longest technical or service life and the best warranty.
Select the term from the list provided that best describes each of the following descriptions.Your AnswerDescriptionTerm?A. The process of dividing a cost into parts and apportioning among cost objects1. Allocation?B. Items for which managers need to know the cost. Examples include products and departments.2. Allocation base?C. Factor determined by taking the total cost to be allocated and dividing by the appropriate cost driver3. Allocation rate?D. Costs that cannot be easily traced to a cost object4. Overhead cost?E. Adding together many costs to determine the cost of a cost object5. Cost?F. Another term used for a cost driver6. Cost accumulation?G. A factor such as a measure of activity that causes costs to increase or decrease7. Cost driver?H. Costs that are easily
traced to a cost object8. Cost objects?I. The amount of resources that must be sacrificed to obtain some benefit9. Cost pool?J. A Collection of individual costs that are added together and then allocated to cost objects10. Direct costs?K. Indirect costs of doing business that cannot be traced directly to a product, department, or process. Example: Depreciation11. Indirect costs What will be an ideal response?
In short-run decision making, the alternative with the lowest overall cost is always chosen
Indicate whether the statement is true or false
Which of the following is Weber’s concept that deference and obedience are owed not to a person or a title, but to the role they fill?
a. Charismatic authority b. Traditional authority c. Role authority d. Rational-legal authority