Which of the Following Statements About Processes Is INCORRECT

question 234

Multiple Choice

Which of the following statements about processes is INCORRECT?

• A) The output from a process has to conform to operational norms derived from business objectives
• B) The objective of any IT process should be expressed in terms of business benefits and goals
• C) A process may define policies, standards and guidelines
• D) The definition of Process Control is "The activity of planning and regulating a process, with the objective of achieving Best Practice"

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Definitions:

End-of-quarter Payments

Payments made at the end of each quarter in a financial year, often related to dividends, loans, or leases.

Compounded Monthly

A method of calculating interest where the interest amount is added to the principal balance each month, accelerating the growth of the investment.

Compounded Monthly

Interest on an investment or loan is calculated monthly, adding the interest from each month to the principal amount for the calculation of the next month's interest.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal amount twice a year, resulting in the accumulation of interest on interest over the period.