Question

24.Following the principles and enablers of COBIT will enable organizations to better:

	a.ensure that they address all categories of Brown's risk taxonomy.
	b.address all elements of the C-I-A triad.
	c.apply the systems development life cycle.

25.WebTrust and SysTrust can be incorporated into an organization's:

	a.Internal control plan
	b.Neither internal control plan nor enterprise risk management plan
	c.Enterprise risk management plan
	d.Both internal control plan and enterprise risk management plan

13.As the first step in the acquisition/payment process, goods

	a.The relationship between a buyer and a seller.
	b.The amount of cash in the bank.
	c.The use of information technology.
	d.Monitored need.

25.SCP Corporation purchased inventory on account from OBP Corporation. Which of the following happens immediately after the first step in SCP's acquisition/payment process?

	a.The second step in OBP's sales/collection process
	b.The second step in SCP's acquisition/payment process
	c.An internal audit of the transaction by OBP
	d.The first step in OBP's sales/collection process

Answer 1

24.Following the principles and enablers of COBIT will enable organizations to better:

c. apply the systems development life cycle.

Explanation : COBIT helps in following ways: Improve and maintain quality information, using IT effectively, use of technology for achieving the targets effectively, IT risk managed properly, to make sure organization utilize investment in IT sector, properly comply with rules and regulations.

WebTrust and SysTrust can be incorporated into an organization's:

a. Internal Control Plan

Explanation : Web Trust and Sys Trust helps in evaluation of overall characteristics of company's online transaction environment. Thus it helps in internal control system.

13.As the first step in the acquisition/payment process, goods\
a. The relationship between a buyer and seller13.As the first step in the acquisition/payment process, goods

Explanation : The first step in the acquisition process is the contact with a prospective buyer.

25.SCP Corporation purchased inventory on account from OBP Corporation. Which of the following happens immediately after the first step in SCP's acquisition/payment process?

b. the second step in SCP's acquisition process

Explanation : After making contact with the seller, the second step is of the purchaser who asks for the quotation of goods.