Which of the Following Is Considered a Part of Due

question 32

Multiple Choice

Which of the following is considered a part of due diligence?

• A)The scope of the Plan-Do-Check-Act (PDCA)model
• B)Metrics and best practices of information technology (IT)related processes
• C)A written and tested business continuity plan
• D)Information security management

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Definitions:

Liability

A financial obligation or amount owed by a company to another party.

Asset

An economic resource that is owned or controlled by an individual or entity, expected to provide future benefits.

Cash Basis

An accounting method in which revenues and expenses are recorded only when cash is received or paid, rather than when they are incurred.

Revenue Recognized

Income that a company has earned during a period but has not yet received payment for, adhering to the revenue recognition principle.