Data Classification Schemes Should Categorize Information Assets Based on Which

question 26

Multiple Choice

Data classification schemes should categorize information assets based on which of the following?

• A) Value and uniqueness
• B) Sensitivity and security needs
• C) Cost and replacement value
• D) Ease of reproduction and fragility

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Definitions:

Shortage Costs

Shortage Costs are the costs incurred when demand exceeds supply, including lost sales, backorder costs, and potential deterioration of customer satisfaction.

Carrying Costs

Costs related to maintaining inventory that encompass storage fees, insurance, taxes, and the potential losses from not using the funds elsewhere.

Ideal Level

Ideal level often refers to the optimal state or condition for operations, efficiency, or functionality in various contexts.

Letter Of Credit

A written statement by a bank that money will be paid, provided conditions specified in the letter are met.