What component of governance includes technology and applications for IT processing?

The correct choice highlights that the component of governance which includes technology and applications for IT processing is focused on the tangible aspects of the IT environment. This includes the infrastructure, which encompasses the physical and virtual resources that support IT services, as well as the applications that are integral for processing data and executing business functions.

In governance, the framework emphasizes the importance of having the proper tools and resources to ensure effective management of IT-related functions. By addressing not only the technology used but also the services that run on it, this component provides a comprehensive overview of the capabilities required to support the organization's goals and objectives effectively.

The other options pertain to different aspects that are essential for governance but do not directly focus on the technology and applications component. Processes relate to the procedures and workflows needed to ensure IT services are delivered efficiently. People, Skills, and Competencies emphasize the human element, focusing on the expertise and capabilities required to manage IT effectively. Culture, Ethics, and Behavior reflect the values and norms that influence how governance is executed within an organization, shaping decision-making and priorities but not concentrating on technology and applications themselves.