Whose Responsibility Is It to Determine the Amount of Time

question 32

Multiple Choice

Whose responsibility is it to determine the amount of time an organization can afford to be without its information system?

• A) the board of directors
• B) senior management
• C) external auditors
• D) COBIT

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Definitions:

Trade Secrets

Confidential business information which provides an enterprise a competitive edge, and which is protected from disclosure by law.

Fast-Second Strategy

a business approach where companies wait to observe the successes and failures of innovators before entering the market with a more refined and potentially more competitive offer.

Catgut

A type of cord traditionally made from the natural fibers found in the intestines of sheep and other animals, used for surgical sutures and musical instrument strings.

Trade Secret

A type of intellectual property comprising formulas, practices, processes, designs, instruments, patterns, or compilations of information that are not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers.