Practice Quiz

IT Service Management Foundation Practice Test

Category - ITIL

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The three fundamental Financial Management activities for IT Services are:
  1. Funding, IT Accounting, and Chargeback
  2. Investments, Accounting & Finance, and Chargeback
  3. Cost Elements, Cost Types, and Cost Units
  4. Funding, IT Accounting, and Demand Modeling
Explanation
Answer: A - Funding, IT Accounting, and Chargeback are the three fundamental Financial Management activities for IT Services.

Key Takeaway: These three activities ensure that future funding requirements are predictable, that the organization can account for all its spending, and optionally to charge customers for the IT Services they use.
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