BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Due diligence rule
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Personal liability rule
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Prudent man rule
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Due process rule
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Detailed explanation-1: -The prudent man rule which requires senior executives to take personal responsibility for ensuring the that ordinary, prudent individuals would exercise in the same situation. This rule, developed in the realm of fiscal responsibility, now applies to information security as well.
Detailed explanation-2: -The basic idea is that the information or privilege required to perform an operation is divided among multiple users. This ensures that no single person has sufficient privileges to compromise the security of the environment. A method of logical reasoning which results in necessarily true statements.
Detailed explanation-3: -Senior management must adhere to the prudent man rule, which obligates them to perform their duties with the same diligence and care that ordinary, prudent people would under similar circumstances.