Courtney's Office in Manitoba Was Destroyed by a Flood Last

question 148

Multiple Choice

Courtney's office in Manitoba was destroyed by a flood last year, and she lost numerous company documents. After relocating, Courtney took no chances and implemented ______, in which she backed up her data in a secure online storage service.

• A) enterprise resource planning
• B) firewall
• C) encryption
• D) disaster recovery planning

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Definitions:

Compounded Daily

Interest calculation method where the interest is calculated and added to the principal amount daily, leading to increased earnings or payments over time.

Daily Payments

Payments made on a daily basis, often used in the context of loans or labor wages.

Loan

Money that is borrowed and should be returned with added interest.

Compounded Continuously

The process whereby interest is calculated on an initial principal and subsequently on the accumulated interest of previous periods, assuming the compounding occurs infinitely within a given time.