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Cost Accounting for Data and Software Maintenance

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Cost Accounting for Data and Software Maintenance

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Questions and Answers

What is the primary goal of risk management in an organization?

To prioritize assets based on their valuation
To eliminate all risks to an organization's information assets
To identify vulnerabilities in an organization's infrastructure
To minimize risk to an acceptable level (correct)

What is the critical aspect of a company's capacity to maintain long-term competitiveness?

Information security and risk management (correct)
Cost accounting and maintenance costs
Vulnerability assessment and risk determination
Asset valuation and prioritization

What is the purpose of classifying and prioritizing information assets?

To allocate resources effectively to protect valuable assets (correct)
To determine the valuation of information assets
To identify vulnerabilities in an organization's infrastructure
To minimize risk to an acceptable level

What is the TVA worksheet used for in risk management?

Vulnerability identification and risk assessment (C) Signup and view all the answers

What is the relationship between information security and risk management?

They are complementary aspects of an organization's security system (C) Signup and view all the answers

What is the purpose of data classification in risk management?

To manage and prioritize classified data (C) Signup and view all the answers

What is the primary focus of asset valuation in risk management?

Determining the value of information assets (D) Signup and view all the answers

What is the role of risk assessment in risk management?

To determine the level of risk to an organization's assets (D) Signup and view all the answers

What is the purpose of automated assets inventory tools in risk management?

To maintain an accurate inventory of an organization's assets (D) Signup and view all the answers

What is the focus of risk determination in risk management?

Determining the level of risk to an organization's assets (C) Signup and view all the answers