Which of the Following Statements Is TRUE of the Financial

question 56

Multiple Choice

Which of the following statements is TRUE of the financial losses due to computer crimes?

• A) All studies on the costs of computer crimes are based on surveys.
• B) There are several set standards for tallying computer crime costs and financial losses.
• C) Companies are legally required to calculate their financial losses due to computer crime every month.
• D) Knowledge about the cost of computer crimes is restricted to large companies.

---

Definitions:

Direct Contact

Interaction between individuals or entities without intermediaries, allowing for immediate communication or transfer of substances or forces.

Focused Strategy

A business approach where a firm chooses to target a specific market niche, concentrating its resources on serving that segment to the exclusion of others.

Product Design

The process of creating a new product to be sold to customers, considering its form, function, and usability.

Functional Design

The aspect of designing that focuses on the practical and operational use of an object, ensuring it effectively fulfills its intended purpose.