Control costs must be measured against the benefits provided by those controls.This is the concept of:
A)concurrent
B)integration.
C)timeliness.
D)economic feasibility.

Question

Quizplus · Accepted Answer

The concept of measuring control costs against the benefits provided by those controls is known as economic feasibility. It involves evaluating whether the cost of implementing controls is justified by the benefits they provide. This is an important consideration in decision making and risk management, as it helps organizations to prioritize which controls to implement and provides a framework for assessing the effectiveness of those controls. Therefore, option D is the correct answer.

Control Costs Must Be Measured Against the Benefits Provided by Those