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Practice test question (#2)
Definition: "The prudent man rule is often applied to the process of due care, a legal liability concept that defines the MINIMUM level of info protection a business must achieve"
Question: What is an industry standard that a business should strive to meet or exceed.
A best practice
B due diligence
C the prudent man rule
D due care
The answer is NOT C. Considering the above definition, I find it crazy that C is not the right answer.
https://www.youtube.com/watch?v=9jK-NcRmVcw
Question: What is an industry standard that a business should strive to meet or exceed.
A best practice
B due diligence
C the prudent man rule
D due care
The answer is NOT C. Considering the above definition, I find it crazy that C is not the right answer.
https://www.youtube.com/watch?v=9jK-NcRmVcw
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mabraFoo
Member Posts: 23 ■□□□□□□□□□
Yea, the prudent man rule is not an industry standard. I got hung up on the word "meet" and thought if you barely meet expectations, you only did the minimum. -
Optionsdhay13
Member Posts: 580 ■■■■□□□□□□
Due diligence and due care aren't standards but more of acts or processes. Prudent man is not a standard either. So best practice is really the only one that fits the definition in my opinion.