Final answer:
The statement that a chief technology officer (CTO) oversees long-range planning and monitors developments in technology that can impact a company's success is true. The CTO is crucial for maintaining a competitive edge in technology. Additionally, in an information society, roles like software engineers signify power and influence.
Step-by-step explanation:
In the context of an information systems job, a chief technology officer (CTO) oversees long-range planning and monitors new developments in the field that can affect a company's success. This means that the statement is True. CTOs are essential in ensuring that the company remains at the forefront of technology advancements and effectively implements these innovations to stay competitive in the market. They play a strategic role in decision-making and help shape the company's technological infrastructure to optimize operations and drive growth.
Concerning the occupations with power in an information society, a software engineer is far more likely to hold a position of influence compared to a coal miner. This is due to the increased reliance on technology in almost all aspects of modern industry. Information and communications technologies, in particular, have a dual impact on the size and structure of firms. They enable small firms to expand their reach and compete on a larger scale but also facilitate the dominance of large firms with winner-take-all markets. The role of a CTO becomes even more critical in navigating these dynamics and positioning the company advantageously.