Which of the following is TRUE about the information systems (IS) plan? You can make the case for a specific new system without understanding the larger context of all the many systems in the firm. The IS plan should focus only on long- and short-term information requirements, not the current information system applications and IT infrastructure components. Without a comprehensive firm-wide IS plan, it is difficult, if not impossible to evaluate the worth of proposals for developing specific individual systems. The IS plan is developed by the Chief Executive Officer (CEO) and often the Board of Directors and is approved annually by the Chief Information Officer (CIO)