Assignment: Corporate and IT Governance

Question 1
Which of the following act creates international standards that strengthen global capital and liquidity rules?
1) Foreign corrupt practices Act
2) Gramm-Leach-Bliley Act
3) California Senate Bill 1386
4) Basel II Accord

Question 2
Which act identifies the U.S. taxpayers who hold financial assets in non-U.S. financial institutions and offshore accounts?
1) Foreign Account Tax Compliance Act
2) Foreign Corrupt Practices Act
3) U.S. Senate Bill Act
4) Basel II Tax Accord

Question 3
Which of the following frameworks provides information technology (IT) services based on a synthesis of the best ideas from international practitioners?
1) IT Infrastructure Library (ITIL)
2) Committee of Sponsoring Organizations (COSO) 2013
3) Control Objectives for Information and Related Technology (COBIT)
4) International Standards Organization (ISO) 27002

Question 4
Which of the following provides a framework for information technology (IT) management and governance consisting of process descriptions, management guidelines, and models to assess maturity and capability for each process?
1) Committee of Sponsoring Organizations (COSO) 2013
2) Information Infrastructure Library (ITIL)
3) Control Objectives for Information and Related Technology (COBIT)
4) International Standards Organization (ISO) 27002

Question 5
Which of the following is a method used to achieve the goals of information technology (IT) governance?
1) Strategic alignment
2) IT value delivery
3) Risk management
4) Operations management

Question 6
Which of the following is a goal of effective information technology (IT) governance?
1) Resource management
2) Risk management
3) Operations alignment
4) Strategic alignment

Question 7
Which of the following is an inexpensive yet safe way to backup vital data?
1) Allow employees to take backup copies of vital data home at the end of the work day.
2) Copy online databases to magnetic storage devices and ship them off-site.
3) Store the backup data in a building located near the company.
4) Use online databases to update and backup the data.

Question 8
Which of the following factors influences information technology (IT) related initiatives?
1) A company's internal control system
2) A company's balance sheet
3) Career growth of employees
4) The values of IT stakeholders

Question 9
In the Plan-Do-Check-Act (PDCA) model, identify the step that requires the improvement team to identify its target improvement area.
1) The Do step
2) The Check step
3) The Plan step
4) The Act step

Question 10
Interest in corporate governance has grown due to _____ scandals.
1) accounting
2) espionage
3) journalistic
4) plagiarism

Question 11
Which of the following is true of European Union Data Protection Directive?
1) It strengthens computer and network security within the European federal government and affiliated parties (such as government contractors) by mandating yearly audits.
2) It protects the privacy of European Union citizens' personal information by placing limitations on sending such data outside of the European Union to areas that are deemed to have less than adequate standards for data security.
3) It identifies European taxpayers who hold financial assets in non-European financial institutions and offshore accounts so that they cannot avoid their tax obligations.
4) It protects against identity theft by imposing disclosure requirements for businesses and government agencies that experience security breaches that might put the personal information of European residents at risk.

Question 12
Which of the following is an intent of the Bank Secrecy Act?
1) To create international standards that strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector
2) To strengthen computer and network security within the U.S. federal government and affiliated parties by mandating yearly audits
3) To detect and prevent money laundering by requiring financial institutions to report certain transactions to government agencies.
4) To protect against identity theft by imposing disclosure requirements for businesses and government agencies that experience security breaches that might put the personal information of California residents at risk

Question 13
Which of the following best describes the service transition phase of the Information Technology Infrastructure Library (ITIL)?
1) It involves understanding who the IT customers are, the service offerings required to meet their needs, and the IT capabilities and resources required to develop and successfully execute these offerings.
2) It involves following the design to build, test, and move into production the services that will meet customer expectations.
3) It ensures that the new and/or changed services are designed effectively to meet customer expectations.
4) It provides a means for an IT organization to measure and improve the service levels, the technology, and the efficiency and effectiveness of processes used in the overall management of services.

Question 14
Which act strengthens computer and network security within the U.S. federal government?
1) Federal Union Data Protection Act
2) Federal Information Security Management Act
3) Federal Corrupt Practices Act
4) Federal-Bliley Act

Question 15
Identify the process that helps successful managers achieve high value from their investments in information technology (IT).
1) IT governance
2) IT collaboration
3) Corporate collaboration
4) Collaborative governance

Question 16
Identify the objective of the Gramm-Leach-Bliley Act.
1) To identify the U.S. taxpayers who hold financial assets in non-U.S. financial institutions and ensure that they agree to the U.S. tax obligations
2) To protect cardholder data and ensure that merchant and service providers maintain strict information security standards
3) To protect the privacy and security of individually identifiable financial information collected and processed by financial institutions
4) To prevent certain classes of persons and entities from making payments to foreign government officials in an attempt to obtain or retain business

Question 17
Which of the following is true of the Personal Information Protection and Electronic Documents Act (Canada)?
1) It governs the collection, use, and disclosure of personally identifiable information in the course of commercial transactions.
2) It protects against identity theft by imposing disclosure requirements for businesses and government agencies that experience security breaches.
3) It protects cardholder data and ensures that merchant and service providers maintains strict information security standards.
4) It strengthens computer and network security by mandating yearly audits.

Question 18
An organization's _____ and board of directors are responsible for governance.
1) executives
2) customers
3) retailers
4) clients

Question 19
_____ is a set of guidelines whose goal is to align information technology resources and processes with business objectives, quality standards, monetary controls, and security needs.
1) International Standards Organization (ISO) 27002
2) Control Objectives for Information and Related Technology (COBIT)
3) Committee of Sponsoring Organizations (COSO) 2013
4) Information Infrastructure Library (ITIL)

Question 20
In the context of Information Technology Infrastructure Library, _____ provides a means for an information technology (IT) organization to measure and improve the service levels.
1) continual transition improvement
2) continual process improvement
3) service strategy
4) service operation.