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Which of these is defined as "externally directing, controlling and evaluating an entity, process or resource"
Suggested Answer: A
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Governance is defined as 'externally directing, controlling and evaluating an entity, process, or resource'. It involves establishing policies, and continuous monitoring of their proper implementation, by the members of the governing body of an organization. It ensures that the entity is operating effectively and in alignment with its objectives and regulatory requirements. Governance encompasses a wide range of activities, including strategic planning, decision-making, and oversight, all aimed at achieving the entity's goals while managing risk and ensuring compliance. Reference:
ISO 38500:2015 - Information technology - Governance of IT for the organization
OECD Principles of Corporate Governance
39 comments · newest first
GI
Gianna
10 months ago
Wait, are we sure it's not management?
IR
Irma
10 months ago
Totally agree, it's definitely governance!
AL
Almeta
10 months ago
Yup, governance fits the definition perfectly.
FE
Fernanda
10 months ago
I thought assurance was the right answer!
MA
Marget
11 months ago
Governance is all about directing and controlling.
JA
Janine
11 months ago
I feel like "assurance" doesn't fit at all, but I'm stuck between "governance" and "management." I wish I had reviewed more examples!
DO
Dorathy
11 months ago
I'm leaning towards "governance" too, but "management" seems close. I just can't recall the exact definitions we went over.
CA
Carli
11 months ago
I remember a practice question that talked about management in a similar way, but it didn't emphasize the external aspect like this one does.
VI
Vi
12 months ago
I think "governance" might be the right answer since it involves directing and controlling, but I'm not completely sure.
JE
Jessenia
12 months ago
I'm a little confused by the wording of this question. Is it asking for the definition of governance, or which of the options is the definition? I want to make sure I understand exactly what it's asking before I select an answer.
CA
Carri
12 months ago
Okay, I've got this. Governance is the external oversight and control of an organization or process, so that's the right answer here. Assurance and management are related but distinct concepts.
HO
Howard
1 year ago
Hmm, this one has me a bit stumped. I'm not totally sure about the differences between governance, assurance, and management. I'll have to think this through carefully.
PH
Phil
1 year ago
I think this question is asking about the definition of governance, which is the external direction, control, and evaluation of an entity or process. I'm pretty confident that the correct answer is A.
VE
Veda
2 years ago
Haha, this is easy! It's C. Management, obviously. The other two, 'governance' and 'assurance'? Those sound like fancy words for 'napping on the job'.
RA
Rasheeda
2 years ago
Haha, I agree! Governance and assurance do sound fancy.
EL
Elke
2 years ago
Management, obviously.
FL
Florinda
2 years ago
C) Management
SV
Svetlana
2 years ago
B) Assurance
DO
Dominque
2 years ago
A) Governance
WI
Winfred
2 years ago
You know, this is a tough one. I'm gonna go with C. Management, but only because I can't spell 'governance' without looking it up first.
LU
Lucy
2 years ago
I agree, I also believe it's A. Governance.
PE
Pearline
2 years ago
I think the answer is A. Governance.
BE
Benedict
2 years ago
B. Assurance, definitely. That's the one where you make sure everything is running smoothly and according to plan.
DE
Devorah
2 years ago
C) Management
ZA
Zachary
2 years ago
B) Assurance
JA
Jame
2 years ago
A) Governance
VA
Vallie
2 years ago
I'm not sure, but I think B) Assurance could also be a possibility since it involves evaluating.
TH
Theresia
2 years ago
Hmm, I don't know, I'm leaning towards A. Governance. Isn't that the one that's all about overseeing and evaluating stuff?
GA
Gayla
2 years ago
B) Assurance
SU
Suzi
2 years ago
Yes, you're right! Governance is all about overseeing and evaluating.
RA
Raymon
2 years ago
A) Governance
OR
Oren
2 years ago
I agree with Andra, Governance makes sense because it involves directing and controlling.
WI
Willodean
2 years ago
I'm pretty sure it's C. Management. That's the one that's all about directing and controlling, right?
EM
Emily
2 years ago
Oh, I see. Thanks for clarifying!
PA
Pansy
2 years ago
No, it's actually A) Governance. That's the one defined as externally directing, controlling and evaluating an entity.
NE
Nelida
2 years ago
C) Management
LI
Lisha
2 years ago
B) Assurance
GA
Gary
2 years ago
A) Governance
AN
Andra
2 years ago
I think the answer is A) Governance.