Answer: False
Explanation: The chief technology officer is an executive who is responsible for the management of an organization's research and development (R&D) and is also responsible for outlining the company's technological vision, implementing technology strategies and ensuring that the technological resources are aligned with the company's business needs.
The CTO must be a strategic thinker and a strong business acumen and must be well-versed in current technological trends and familiar with a variety of business concepts.
The CTO leads the technology or engineering department of an organisation and develops policies and procedures and uses technology to enhance products and services that focus on external customers.