He formal decision-making process used when considering the economic feasibility of implementing information security controls and safeguards is called a CBA
WHAT IS A CBA ?
CBA stands for cost benefit analysis .
Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore.
The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action.
It has the following benefits -
- Increased income and sales as a result of greater production or new goods.
- Benefits that can't be seen, such higher employee morale and safety, as well as increased consumer satisfaction via better products or quicker delivery.
- Gained market share or a competitive advantage as a result of the choice.
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As interest rates rise, the prices of existing bonds will fall.
A fundamental principle of bond investing is that market interest rates and bond prices generally move in opposite directions. When market interest rates rise, prices of fixed-rate bonds fall. this phenomenon is known as interest rate risk.
Interest rates will always change, and no one can predict how they will change over time. Whether interest rates are rising or falling, it’s vital to consider your yield to maturity for any bond purchase and compare it with what you could get if you were to buy a new bond.
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Having a good credit score
The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful would be a Pareto chart.
A Pareto chart is a form of a graph with both bars and a line graph, where the bars reflect individual values in descending order and the line the cumulative total. The chart is called after the Pareto principle, which takes its name from renowned Italian economist Vilfredo Pareto.
The Pareto chart's goal is to draw attention to the most significant among a group of (usually several) components. Pareto charts can be used in quality control to identify the flaws that need to be fixed first in order to see the biggest overall improvement.
It frequently reflects the most frequent causes of faults, the most prevalent kind of defect, the most common causes of customer complaints, and so forth. For each bar in the Pareto chart, Wilkinson (2006) developed a method that generates statistically based acceptability limits (akin to confidence intervals).
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