We Can Classify IT Controls Based on Implementation, Function or Scope.When

question 57

Multiple Choice

We can classify IT controls based on implementation, function or scope.When considering IT controls based on function, this classification includes:

• A)Preventive, Detective, Corrective
• B)Enterprise level, General and Application
• C)Manual, Automated
• D)Risk Assessment, Monitoring, Information & Communication

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Cost Method

An accounting method used to value inventory or investments at their original cost, without considering market value changes.

Ownership Interest

A legal or equitable claim in a company or property, signifying a portion of ownership by an individual or entity.

Stock Investment

Stock investment involves purchasing shares of a company's stock in expectation of earning a return from dividends or capital appreciation.