____ Planning Ensures That Critical Business Functions Can Continue If

question 29

Multiple Choice

____ planning ensures that critical business functions can continue if a disaster occurs.

• A) Business response
• B) Business continuity planning
• C) Incident response
• D) Disaster recovery

Understand the concepts of markup based on selling price and how to compute it.

Understand the concepts of markup based on cost and how to compute it.

Apply the concept of markup to solve problems involving missing terms in various business scenarios.

Distinguish between markup based on selling price and markup based on cost.

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Definitions:

Incidental Beneficiary

A third party who benefits from a contract between two other parties, without being specifically intended to benefit by those parties.

Intended Beneficiary

A person or entity for whom a contract is specifically made to benefit, having the legal right to enforce the contract if not fulfilled.

Assignable

The capability of a contract or other legal document to be transferred from one party to another.

Membership

The state or condition of being a member or part of an organization or group.