Applying the COBIT5 Framework,planning Is the Responsibility of

question 115

Multiple Choice

Applying the COBIT5 framework,planning is the responsibility of

• A)the CEO.
• B)the CFO.
• C)the board of directors.
• D)all of the above

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Definitions:

Fixed Costs

Expenses that remain constant in total amount irrespective of fluctuations in the activity level of a business, e.g., insurance premiums.

Composite Unit

A grouping of assets or costs that are combined and treated as a single unit for accounting or valuation purposes.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and labor.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance expenses.