Management should conduct a ________ to identify those controls that are most appropriate and provide the greatest benefit to the organization given the available resources.
A) cost analysis
B) cost-benefit analysis
C) benefit analysis
D) none of the above

Question

Quizplus · Accepted Answer

A cost-benefit analysis compares the cost of implementing a control with the expected benefits that it will provide. This analysis helps management to identify which controls are most appropriate and provide the greatest benefit to the organization given the available resources. A cost analysis simply focuses on the cost of the control, while a benefit analysis only focuses on the potential benefits. Therefore, the best choice is B, cost-benefit analysis.

Management Should Conduct a ________ to Identify Those Controls That