TRUE$/$FALSE$.$ Write $\text{'}$T$\text{'}$ if the statement is true and $\text{'}$F$\text{'}$ if the statement is false.

$163)$ The CEO and Board of Directors of a company are responsible for developing a corporate$-$wide

information systems plan.

$163)$

$164)$ An information systems plan contains a statement of corporate goals and specifies how information

technology will support the attainment of those goals.

$164)$

$165)$ If an intended benefit of an IT project is improved decision making, managers should develop a set

of metrics to quantify the value of an improved decision.

$165)$

$166)$ An information systems plan focuses solely on the technology needed to implement the proposed

new information system.

$166)$

$167)$ There is a very high failure rate among information systems projects because organizations have

incorrectly assessed their business value.

$167)$

$168)$ Intangible benefits may lead to quantifiable gains in the long run. $168)$

$169)$ A benefit of using TCO analysis to evaluate an information technology investment is that it is able

to incorporate intangible and "soft" factors such as benefits and complexity costs.

$169)$

$170)$ More timely information is an intangible benefit of information systems. $170)$

$171)$ The difference between cash outflows and cash inflows is used for calculating the financial worth of

an investment.