A Process of Assigning Financial Value or Worth to Each

question 50

Multiple Choice

A process of assigning financial value or worth to each information asset.

• A)defense risk control strategy
• B)mitigation risk control strategy
• C)acceptance risk control strategy
• D)termination risk control strategy
• E)risk appetite
• F)cost-benefit analysis
• G)cost avoidance
• H)asset valuation
• I)organizational feasibility
• J)single loss expectancy

---

Definitions:

Equity

The concept of fairness in economics, which can refer to the distribution of wealth, income, or resources within a society.

Efficiency

The optimal use of resources to achieve the desired ends with minimal waste or expense; often relates to economic efficiency where resources are allocated in a way that maximizes the net benefit to society.

Tax System

The structured method and principles a government uses to collect taxes from individuals and businesses, which can vary in complexity and types of taxes imposed.

Efficiency

Efficiency in economics refers to the optimal allocation and use of resources to maximize output without wasting any resources.