According to COBIT's Principles, Information Technology Governance and Management Should

question 38

Multiple Choice

According to COBIT's principles, information technology governance and management should:

• A)focus on the four purposes of internal control.
• B)address systems risk only.
• C)apply a single integrated framework.
• D)apply an end-to-end framework.

Comprehend the use of pricing to enhance perceived quality and create product prestige.

Understand the concept of variable and fixed costs in pricing decisions.

Identify the role of special pricing strategies in attracting customers and increasing sales volume.

Understand the limitations and capabilities of animals in using language.

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Definitions:

Note

A financial instrument acknowledging debt, with terms including interest rate and repayment schedule.

Short-Term Notes Receivable

Current assets representing written promises for amounts to be received within a short period, typically within a year.

Cash (Net) Realizable Value

Cash (net) realizable value is the estimated amount of cash that a company expects to collect from its receivables, net of any allowances for doubtful accounts.

Interest Receivable

The amount of interest that has been earned but not yet received in cash by the company, representing an asset on the balance sheet.