What Is a Set of Best Practices That Helps an Organization

question 95

Multiple Choice

What is a set of best practices that helps an organization to maximize the benefits of an information system, while at the same time establishing appropriate controls to ensure minimum errors?

• A)COBIT
• B)CASE
• C)IEEE
• D)All of the above

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Definitions:

Patent Amortization Expense

The annual charge to expense over the useful life of a patent, representing the cost allocation of its value as an intangible asset.

Straight-Line Method

The straight-line method is a way of calculating depreciation by evenly spreading the cost of an asset over its useful life.

R&D Costs

Expenditures related to the research and development of company’s products or services.

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.