The president of Monteer Signature Homes is perplexed by requests for computers from three different areas of the firm. The EDP manager wants \($4.5\) million to upgrade the mainframe computer. The vice president of engineering wants \($450,000\) to buy a client/server system. The vice president of finance wants \($200,000\) to purchase laptop computers. Rapid growth is putting a strain on computer resources and keeping profits down. Payroll, accounting, inventory, and engineering functions are computerized, while some other tasks are manual. The firm is organized by business functions, with vice presidents for manufacturing, marketing, engineering, finance, and human resources. The president wonders if a steering committee is needed. Discuss the objectives, responsibilities, and composition of an information systems steering committee. Justify your recommendations concerning its membership and the selection of a chairperson.