When information is shared between two separate organizations, which of the following
documents would describe the sensitivity as well as the type and flow of the information?

A.
SLA
B.
ISA
C.
BPA
D.
MOA
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Wrong. It’s Interconnection Security Agreement (ISA)
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SLA (Service Level Agreement) reporting is the process of comparing (and reporting on) current performance in terms of system uptime or deliverables delivered on time to the metrics defined in the SLA.
ISA (Internet Security Agreement) is an agreement between two organizations that have connected systems. The agreement documents the technical requirements of the connected systems.
VERY IMPORTANT: The ISA also supports a Memorandum of Understanding or Agreement (MOU/A) between the organizations.
http://itlaw.wikia.com/wiki/Interconnection_Security_Agreement
http://csrc.nist.gov/publications/nistpubs/800-47/sp800-47.pdf
BPA is the Business Partners agreement that defines the expectations and obligations of each of the two partners in the endeavor.
A memorandum of understanding (MoU) describes a bilateral or multilateral agreement between two or more parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen’s agreement.
Since the question specifies the sensitivity as well as the type and flow of the information, I must pick choice B, ISA.
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