The Control Objectives for Information and Related Technology (COBIT) Practices

question 49

True/False

The Control Objectives for Information and related Technology (COBIT) practices were created by the Object Management Group (OMG) for documenting business processes.

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Definitions:

Job Losses

The act of becoming unemployed due to factors like economic downturns, restructuring, or automation.

Job Gains

Increases in the number of jobs available in an economy, indicating employment growth and potentially a strengthening economic condition.

Consumer Surplus

The disparity between the total price consumers are ready and able to pay for a service or product and what they end up paying.

International Trade

The exchange of goods and services between countries, which allows for greater variety of consumption and efficiency in production.