The Proper Management, Control, and Use of IT Systems Are

question 21

Multiple Choice

The proper management, control, and use of IT systems are known as:

• A)IT Governance
• B)IT Controls
• C)IT Risk Management
• D)IT Code of Ethics

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Definitions:

Bank Overdrafts

Occurs when withdrawals from a bank account exceed the available balance, giving the account a negative balance.

Treasury Bills

Short-term government securities issued at a discount from the face value and mature in a year or less, used by governments to raise funds.

Money Markets

Financial markets for short-term borrowing and lending, typically with maturities of less than one year.

Current Asset

An asset expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.