1. ___ are contractual standards that organizations commit to on their own accord.

regulation

self-regulatory rule

guideline

principle

2. ____ are prescribed shortcuts for the adherence to regulations.

Corporate governance

Organizational procedures

Organizational policies

Safe harbors

3. The cost for ________ _______ are significantly higher than the costs for ________ _______.

Error omission & error litigation

Error prevention & error correction

Error mitigation & error diagnosing

Error correction & error prevention

4. The costs of error prevention are usually significantly higher than error correction.

True

False

5. Process ____ are reference models that support the description, assessment, and optimization of business processes.

Frameworks

Controls

Classifications

Strategies