COBIT Was Developed To

question 149

Multiple Choice

COBIT was developed to:

• A) provide guidance to managers, users, and auditors on the best practices for the management of information technology
• B) identify specific control plans that should be implemented to reduce the occurrence of fraud
• C) specify the components of an information system that should be installed in an e-commerce environment
• D) suggest the type of information that should be made available for management decision making

---

Definitions:

Effect On Sales

The impact or change in the volume of sales as a result of a specific action or market condition.

Collectible

Items that are valued and sought after by collectors due to their rarity, condition, beauty, or personal emotional connection.

Tangible Assets

Physical assets that can be seen and touched, such as buildings, machinery, and vehicles, in contrast to intangible assets like patents or trademarks.

Short-Term Assets

Assets expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.