Which of the Following Statements Is TRUE of the Financial

question 56

Multiple Choice

Which of the following statements is TRUE of the financial losses due to computer crimes?

• A) All studies on the costs of computer crimes are based on surveys.
• B) There are several set standards for tallying computer crime costs and financial losses.
• C) Companies are legally required to calculate their financial losses due to computer crime every month.
• D) Knowledge about the cost of computer crimes is restricted to large companies.

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Definitions:

Industry Classification

A system for categorizing companies and stocks based on their primary business activities.

Du Pont Identity

A financial analysis formula that breaks down return on equity into three components: profit margin, asset turnover, and financial leverage.

Operating Efficiency

A measure of the effectiveness and productivity with which a business or organization operates, often relating to how well it utilizes its resources.

Asset Use Efficiency

How effectively a company utilizes its assets to generate revenue.