COBIT Stands For

question 112

Multiple Choice

COBIT stands for:

• A) Centralized Operations for Business Information Technologies
• B) Compressed Operational BITs (Binary Digits)
• C) Computerized Objectives and Internet Technologies
• D) Control Objectives for Information and related Technology

---

Definitions:

Risk

Exposure to danger, harm, or loss, often considered in financial contexts such as investments or business ventures.

Trade Credit

A financial arrangement where a buyer is allowed to purchase goods or services and pay for them at a later date.

Rate of Interest

The percentage of a loan amount charged for borrowing money, expressed as an annual percentage of the principal.

Cash Discount

A reduction in the price paid for goods or services if payment is made in cash or within a certain time period.