This Framework Was Issued in 1996 (And Updated in 2007)

question 50

Multiple Choice

This framework was issued in 1996 (and updated in 2007) by the Information Systems Audit and Control Association (ISACA) because of the influence of IT over information systems, financial reporting and auditing.

• A) COBIT
• B) COSO
• C) ERM
• D) All of the above.

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Definitions:

Market Allocating Resources

The process through which a free market economy determines the distribution of resources based on supply and demand dynamics.

Flu Shots

Vaccinations that protect against the influenza virus, recommended annually to prevent the spread of the flu.

Public Good

An offering of goods or services to all society members without any profit, provided by either governmental bodies or private sectors.

Marginal Cost

The financial outlay for producing an additional unit of a product or service.