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IT Strategy 1st Edition James McKeen – Test Bank

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  • ISBN-10 ‏ : ‎ 0136036317
  • ISBN-13 ‏ : ‎ 978-0136036319

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SKU:tb1002656

IT Strategy 1st Edition James McKeen – Test Bank

IT Strategy in Action (McKeen/Smith)
Chapter 7

The IT Budgeting Process

1)

In many organizations, IT Budgeting is a very negative process.
Answer:

TRUE
Page Ref: 86
Skill:

Easy
AACSB:

Use of IT

2)

There are significant difficulties with IT budgeting, but most IT managers feel the work involved is worthwhile and satisfying.
Answer:

FALSE
Page Ref: 86
Skill:

Easy
AACSB:

Use of IT

3)

There appears to be broad, general consensus that the IT budgeting process in many corporations is broken and needs to be fixed.
Answer:

TRUE
Page Ref: 86
Skill:

Easy
AACSB:

Use of IT

4)

In many organizations, the budget process has become slow and expensive but is still connected to business objectives.
Answer:

FALSE
Page Ref: 86
Skill:

Hard
AACSB:

Use of IT

5)

A rigid adherence to annual budget plans can stifle innovation and discourage frontline staff from taking responsibility for performance.
Answer:

TRUE
Page Ref: 86
Skill:

Moderate
AACSB:

Use of IT

6)

The budgeting process can often undercut management’s strategic intentions, causing organizations to choose between strategic investment opportunities.
Answer:

TRUE
Page Ref: 86
Skill:

Moderate
AACSB:

Use of IT

7)

All IT organizations want to capitalize as much of their spending as possible because it makes their annual costs look smaller.
Answer:

TRUE
Page Ref: 87
Skill:

Moderate
AACSB:

Use of IT

8)

Capital expenses appear to be more carefully scrutinized than tactical expenses.
Answer:

FALSE
Page Ref: 87
Skill:

Moderate
AACSB:

Use of IT
9)

There are few accepted general accounting principles when it comes to IT spending.
Answer:

TRUE
Page Ref: 88
Skill:

Moderate
AACSB:

Use of IT

10)

An inefficient way to allocate strategic expenses is on the basis of which business unit will benefit from the investment.
Answer:

TRUE
Page Ref: 88
Skill:

Hard
AACSB:

Use of IT

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