Applying the COBIT5 Framework,monitoring Is the Responsibility of

question 23

Multiple Choice

Applying the COBIT5 framework,monitoring 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:

Sales Returns and Allowances

A reduction in sales revenue due to returns or allowances for unsatisfactory goods, reported as a contra-revenue account.

Debit Memorandum

A document issued to signal a decrease in accounts receivable, often due to a return or an adjustment.

Accounts Payable

Liabilities or amounts a company owes to creditors or suppliers for goods or services that have been received but not yet paid for.

Sales Discount

A reduction from the listed or invoice price offered by a seller to a buyer, often to prompt early payment or reward bulk purchases.