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Questions and Answers
Who is primarily responsible for the strategic decisions in the IT department, including the IT cost structure?
Who is primarily responsible for the strategic decisions in the IT department, including the IT cost structure?
- Chief Executive Officer (CEO)
- Chief Information Officer (CIO) (correct)
- Cost Analyst
- Chief Financial Officer (CFO)
Which category of IT costs includes all expenditures associated with hiring, training, and retaining employees?
Which category of IT costs includes all expenditures associated with hiring, training, and retaining employees?
- Core costs
- Costs
- Staff costs (correct)
- Operational costs
Which type of cost represents general operating expenses that have no direct relationship to the production or selling of goods and services?
Which type of cost represents general operating expenses that have no direct relationship to the production or selling of goods and services?
- Core costs (correct)
- Staff costs
- Costs
- Operational costs
What is the purpose of categorizing line items in the budget tied to specific costs?
What is the purpose of categorizing line items in the budget tied to specific costs?
Who frequently collaborates with the Chief Information Officer (CIO) to prepare and finalize the IT budget?
Who frequently collaborates with the Chief Information Officer (CIO) to prepare and finalize the IT budget?
What type of assets do costs represent that are invested by a company to acquire or upgrade fixed, physical, non-consumable assets?
What type of assets do costs represent that are invested by a company to acquire or upgrade fixed, physical, non-consumable assets?
What is one way organizations can convert fixed IT costs into variable costs?
What is one way organizations can convert fixed IT costs into variable costs?
Which of the following is an example of a fixed IT cost according to the text?
Which of the following is an example of a fixed IT cost according to the text?
What is the main advantage of converting fixed IT costs to variable costs through cloud technologies?
What is the main advantage of converting fixed IT costs to variable costs through cloud technologies?
Why are fixed IT costs generally considered long-term expenditures?
Why are fixed IT costs generally considered long-term expenditures?
What characterizes variable IT costs according to the text?
What characterizes variable IT costs according to the text?
Which of the following is an example of a variable IT cost based on the text?
Which of the following is an example of a variable IT cost based on the text?
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