Each Organization Has to Decide Which Combination of IT Controls

question 29

True/False

Each organization has to decide which combination of IT controls is most suitable for its IT system, making sure that the benefits of each control outweigh its costs.

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Definitions:

Cost to Play

The initial investment or expense required to enter a market, participate in a game, or start a new venture.

Gain

An increase in a resource or asset, often measured in financial terms, resulting from investment or business operations.

Lose

To be deprived of or fail to keep possession of something or someone, typically in a competitive scenario or due to carelessness.

Breakeven

The point at which total costs equal total revenue, meaning the business or project neither makes a profit nor incurs a loss.