What are the definitions of "governance" and "management" in the COBIT 5.0 framework?
What will be an ideal response?
COBIT 5.0 defines "governance" as ensuring that firm objectives are achieved by evaluating stakeholder needs; setting direction through decision making; and monitoring performance, compliance and progress. In most firms, the board of directors is responsible for governance. Per COBIT 5, "management" includes planning, building, running and monitoring activities in alignment with the direction in achieving the firm objectives.
You might also like to view...
A business that practices social responsibility focuses on following high ethical standards and improving society rather than generating profits
Indicate whether the statement is true or false
A company's flexible budget for 48,000 units of production showed variable overhead costs of $72,000 and fixed overhead costs of $64,000. The company incurred overhead costs of $122,800 while operating at a volume of 40,000 units. The total controllable cost variance is:
A. $13,200 unfavorable. B. $1,200 unfavorable. C. $1,200 favorable. D. $15,200 favorable. E. $13,200 favorable.
Four engineering firms completed the request for proposal to develop something called the Arpanet,
but the firm of Bolt Beranek and Newman demonstrated a camaraderie and tighter team concept that proved to be the ________ that resulted in their selection to develop a four node network that became the Internet. A) order winners B) minimum performers C) recommended daily allowances D) order qualifiers
Whether you are writing an e-mail or composing a printed memo, your messages should include four basic elements that does NOT include a ____.
A. subject line B. graphic C. message body D. closing statement