List the policies and procedures that guide users' decisions and establish responsibilities within an organization
What will be an ideal response?
The policies that guide users' decisions and establish responsibilities within an organization are as follows:
a. Information Policy: It outlines how sensitive information will be handled, stored, transmitted, and destroyed.
b. Security Policy: It explains technical controls on all organizational computer systems, such as access limitations, audit-control software, firewalls, and so on.
c. Use Policy: It outlines the organization's policy regarding appropriate use of in-house computer systems.
d. Backup Policy: It explains requirements for backing up information, so that critical data can be restored in case of data loss.
e. Account Management Policy: It lists procedures for adding new users to systems and removing users who have left the organization.
f. Incident Handling Procedures: They list procedures to follow when handling a security breach.
g. Disaster Recovery Plan: It lists all the steps an organization will take to restore computer operations in case of a natural or deliberate disaster.
You might also like to view...
Structuring a Make-or-Buy Problem Fresh Foods, a large restaurant chain, needs to determine if it would be cheaper to produce 5,000 units of its main food ingredient for use in its restaurants or to purchase them from an outside supplier for $12 each. Cost information on internal production includes the following:
Total Cost Unit Cost Direct materials $25,000 $ 5.00 Direct labor 15,000 3.00 Variable manufacturing overhead 7,500 1.50 Variable marketing overhead 10,000 2.00 Fixed plant overhead 30,000 6.00 Total $87,500 $17.50 Fixed overhead will continue whether the ingredient is produced internally or externally. No additional costs of purchasing will be incurred beyond the purchase price. 1. What are the alternatives for Fresh Foods? 2. List the relevant cost(s) of internal production and of external purchase. 3. Which alternative is more cost-effective? 4. Now assume that 20% of the fixed overhead can be avoided if the ingredient is purchased externally. Which alternative is more cost-effective? By how much?
Control charts offer a simple method of displaying performance on hard measures over time against specific quality standards
Indicate whether the statement is true or false
An event can range from a user action, such as clicking the button on the screen, to a table update statement that automatically calls a database trigger.
Answer the following statement true (T) or false (F)
Fils Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$4,080 $12,780 $59,940 $76,800 Direct labor 2,110 11,360 53,280 66,750 Manufacturing overhead applied 2,820 7,990 36,190 47,000 Total$9,010 $32,130 $149,410 $190,550 Manufacturing overhead for the month was underapplied by $4,000.The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month
in those accounts.The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for March would include the following: A. credit to Cost of Goods Sold of $149,410 B. credit to Cost of Goods Sold of $3,080 C. debit to Cost of Goods Sold of $3,080 D. debit to Cost of Goods Sold of $149,410