The Optimal Disaster Recovery Plan in Terms of Cost and Time

question 180

Multiple Choice

The optimal disaster recovery plan in terms of cost and time is where on the disaster recovery cost curve?

• A) Where the two cost effects intersect
• B) When the cost to the company of unavailability of information and technology is high
• C) When the cost to the company of recovering from a disaster over time is high
• D) When the two cost effects are furthest apart

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Definitions:

Current Year Financial Statements

Financial reports such as the balance sheet, income statement, and cash flow statement that reflect the company's financial performance and position for the ongoing fiscal year.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances before preparing financial statements.