True/False: 1)The Peoples State Bank case illustrates how legacy systems can impede a firm’s ability to accomplish its goals. 2)The IT steering committee is comprised of IT managers such as the CIO and CTO. 3)The IT architecture only addresses the technical aspects of information resources. 4)The existing IT architecture is a necessary input into the IT strategic plan, but it is not an absolute constraint. 5)Installation is the major cost associated with IT, so that is the only thing an organization needs to consider when making an investment. Â