The Only Use of the Acceptance Strategy That Industry Practices

question 25

Multiple Choice

The only use of the acceptance strategy that industry practices recognize as valid occurs when the organization has done all but which of the following?

• A) Determined the level of risk posed to the information asset
• B) Performed a thorough cost-benefit analysis
• C) Determined that the particular function, service, information, or asset did justify the cost of additional protection
• D) Assessed the probability of attack and the likelihood of a successful exploitation of a vulnerability

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Definitions:

Internal Control

Systems and processes implemented by a company to ensure the reliability of financial reporting, compliance with laws and regulations, and efficiency of operations.

Elements

In accounting, elements refer to the basic categories of financial data that are classified in the financial statements, such as assets, liabilities, equity, revenue, and expenses.

Cash Receipts

Money received by a business or organization, including payments from customers, refunds, and interest earned.

Cash Sales

Transactions in which payment for goods or services is made at the time of sale, typically in cash or equivalent means.