The _____ Is an Internationally Recognized Standard That Companies Can

question 3

Multiple Choice

The _____ is an internationally recognized standard that companies can use to ensure that company data is protected in an outsourcing arrangement.

• A) statement on Auditing Standards No. 70
• B) Sarbanes-Oxley
• C) Foreign Corrupt Practices Act
• D) CMMI

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Definitions:

Condition Precedent

A condition that must be fulfilled before a contract becomes effective or before an obligation is required to be performed.

Injunction

A legal directive mandating that a person or organization either perform or halt a particular act.

Compensatory Damages

financial awards given to a plaintiff to reimburse actual losses, expenses, or suffering due to the defendant's wrongful act.

Performance Value

Refers to the actual utility or effectiveness of a service, product, or asset in achieving its intended purpose or results.