The Careful and Responsible Oversight and Use by Management of the Assets

question 30

Multiple Choice

The careful and responsible oversight and use by management of the assets entrusted to management is called:

• A)IT Governance
• B)Stewardship
• C)Fiduciary Control
• D)System Access

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Definitions:

Proprietary Advantage

An edge a company gains by keeping its innovations, proprietary processes, or data secret to prevent others from copying or using them without permission.

Contractual Advantage

An upper hand or benefit a party has in a deal or agreement due to specific contract terms.

Distributorship

A business authorized to sell or distribute a company's goods or services in a specific area or market.

Radical Innovations

Innovations that represent a significant departure from existing practices and often create new markets or transform existing ones.