What Should a Company Store Off Premise Preferably in a Remote

question 98

Multiple Choice

What should a company store off premise preferably in a remote location?

• A) private keys
• B) servers
• C) backup copies of data
• D) escrow

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Definitions:

Decrease in Payable

A reduction in the amount a company owes to its suppliers or creditors, indicating payments have been made.

Loss on Sale

The financial loss incurred when the selling price of an asset is less than its carrying amount on the books.

Patent Amortization

The systematic reduction of the recorded cost of a patent over its useful life to reflect its consumption or expiration.

Operating Section

The segment of a financial statement that details revenues and expenses directly related to the core business operations.