Identify the correct option for the given statement.
Answer to Problem 1TY
Option b
Explanation of Solution
Security policy is a comprehensive plan that helps an enterprise to protect themselves from internal and external threats. This is policy is framed based upon the assessment of risk that are faced by an organization due to change in technology, economic and market conditions. Some of the issues that must be taken into consideration that time of framing the policy are given below:
- Assess internal and external threats.
- Implement security policy throughout organization.
- Determine if current level of protection of assets is adequate.
- Manage/review policies to consider any new threats to organization and
- Perform risk assessment.
Option a: As per the above explanation, option a is incorrect.
Option b: As per the above explanation, option b is correct.
Option c: As per the above explanation, option c is incorrect.
Option d: As per the above explanation, option d is incorrect.
Want to see more full solutions like this?
Chapter 7 Solutions
Core Concepts of Accounting Information Systems (NEW!!)
- Nonearrow_forwardTechnoWorks has an expected EBIT of $50,000 in perpetuity and a tax rate of 30 percent. The firm has $100,000 in outstanding debt at an interest rate of 8 percent, and its unlevered cost of capital is 12 percent. What is the value of the firm according to M&M Proposition I with taxes? Should TechnoWorks change its debt-equity ratio if the goal is to maximize the value of the firm?arrow_forwardI need assistance with this general accounting question using appropriate principles.arrow_forward
- Towson Manufacturing had a Work in Process balance of $138,000 on January 1, 2018. The year-end balance of Work in Process was $56,000 and the Cost of Goods Manufactured was $610,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round the answer as whole dollars only.)arrow_forwardPlease give me correct answer this financial accounting questionarrow_forwardElena gives stock to Jake that has a tax basis of $4,500. At the time of the gift, the stock is worth only $3,800. Jake later sells the stock for $5,000. What amount of gain must Jake report on the sale?arrow_forward
AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSON
Intermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill Education
Financial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education