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

question 64

True/False

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

---

Definitions:

Low-Value Bidders

Participants in an auction or tender process who submit bids that are significantly lower than those of other bidders.

Winning Bid

The highest offer made in an auction, securing the purchase of the item or contract in question.

High-Value

Pertaining to products, services, or attributes that possess a greater benefit, worth, or significance, often justifying a higher cost or investment.

Sealed-Bid

A bidding process where all bids are submitted confidentially and opened at a predetermined time.