ECCouncil Updated 712-50 Exam Questions and Answers by tiffany

Cost-benefit analysis (CBA) is a method used to evaluate the strengths and weaknesses of alternatives to determine the most cost-effective way to achieve benefits while preserving savings. This involves comparing the expected costs and benefits of a decision, ensuring optimal allocation of resources. It is more specific to decision-making than Business Impact Analysis (A), Economic Impact Analysis (B), or Return on Investment (C), which focus on other financial or strategic aspects.

Proper Asset Classification Responsibility:

Asset classification is the responsibility of the asset owner, as they have the best understanding of the asset’s value and sensitivity.

The auditor’s role is to identify gaps and guide the process, not to directly reclassify assets.

Why Not Other Options:

A: Immediate board notification is premature without thorough documentation and recommendations.

B: The auditor does not have the authority or detailed knowledge to classify assets.

C: Documenting the issue is part of the process but does not resolve the problem.