CAS-002 · Question #398
Which of the following refers to any system whereby things that are of value to an entity or group are monitored and maintained?
The correct answer is A. Asset management. Asset management deals with the management of assets of an organization. An asset is defined as an item of value. It is essential for a company to identify, track, classify, and assign ownership for the most important assets. The main idea behind asset management is to ensure…
Question
Which of the following refers to any system whereby things that are of value to an entity or group are monitored and maintained?
Options
- AAsset management
- BInvestment management
- CService management
- DProduct management
How the community answered
(28 responses)- A93% (26)
- B4% (1)
- D4% (1)
Explanation
Asset management deals with the management of assets of an organization. An asset is defined as an item of value. It is essential for a company to identify, track, classify, and assign ownership for the most important assets. The main idea behind asset management is to ensure that the assets are protected. Answer options B, D, and C are incorrect. These are not valid options.
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