When the Level of Impact Is Determined to Be Minor

question 18

True/False

When the level of impact is determined to be minor and the vulnerability is determined to be low, then vulnerability analysis is unnecessary.

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Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Expense

is an outflow of cash or other valuable assets from a person or company to another entity, representing the cost of operations or services rendered.

Debit Columns

Sections in financial statements where increases in assets or expenses or decreases in liabilities, equity, or income are recorded.

Credit Columns

Sections in accounting ledgers or financial statements that record amounts which reduce the balance of an account.