The Expenses and Risks Associated with the Implementation or Upgrading

question 92

Multiple Choice

The expenses and risks associated with the implementation or upgrading of enterprise systems arise from the ________.

• A) need for encrypting a company's data before an enterprise system can use the data
• B) lack of resources within a company to handle the implementation of the system
• C) lack of variety in the enterprise systems currently being sold in the market
• D) resistance from a company's employees to changes in existing systems

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Definitions:

Global Reporting Initiative

An international independent organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rights, and corruption.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, and measure and monitor progress towards strategic targets.

OCEG Benchmarking

A process used by organizations to compare their GRC (governance, risk management, and compliance) processes and performance with others in the industry, facilitated by the OCEG (Open Compliance and Ethics Group).

Ethics Audit

A systematic evaluation of an organization’s ethical practices and policies, aimed at identifying strengths and areas for improvement.