A Well-Developed Information Security Policy Will Enhance Internal Control by Helping

question 5

Multiple Choice

A well-developed information security policy will enhance internal control by helping to fulfill which of COBIT's information criteria?

• A) Effectiveness.
• B) Efficiency.
• C) Confidentiality.
• D) Accuracy.

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Definitions:

Safety Stock

The quantity of inventory kept on hand to prevent stockouts, acting as a buffer against demand fluctuations and supply chain variability.

Ordering Cost

Expenses associated with placing orders for goods or materials, including clerical and administrative costs, transportation, and any costs related to the ordering process itself.

Holding Cost

The expenses associated with storing unsold goods or materials, including storage, insurance, and obsolescence.

Cost-Minimizing Solution

An approach in operations management aimed at finding the least expensive way to achieve a specific objective without compromising on quality.