COGNITIVE ASSESSMENT Which Term Is Used to Describe the Practice

question 108

Multiple Choice

COGNITIVE ASSESSMENT Which term is used to describe the practice that users' access privileges are limited to the lowest level necessary to perform required tasks?

• A) theory of restriction
• B) principle of least privilege
• C) hierarchy of administration
• D) protocol of access

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Definitions:

Weighted Average Method

An inventory costing method that averages the cost of all similar items in inventory, assigning a single cost to each unit regardless of purchase date.

Cost Per Equivalent Unit

A calculation used in process costing that divides the total cost by the number of units produced, taking into account partial completion of units at the end or beginning of an accounting period.

Conversion Costs

The combined costs of direct labor and manufacturing overheads that are incurred in turning raw materials into finished products.

Manufacturing Overhead

Indirect factory-related costs that are incurred when producing a product, such as utilities, maintenance, and quality control.