Which of the Following Should Be Enacted to Reduce a Company's

question 224

Multiple Choice

Which of the following should be enacted to reduce a company's liability and exposure to a potential lawsuit?

• A) Acceptable use policy
• B) Incident documentation policy
• C) Password compliance policy
• D) Change control policy

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Definitions:

Standard Costs

Predetermined or estimated costs to manufacture a product or provide a service, used in budgeting and measuring performance.

Budgeted Cost Systems

Accounting methods that use budgets to project costs and revenues, helping companies plan for future operations and financial performance.

Product Costs

The three components of manufacturing cost: direct materials, direct labor, and factory overhead costs.

Standard Cost

A detailed estimate of what a product should cost.