If Disaster Strikes, Which of the Following Is a Step

question 9

Multiple Choice

If disaster strikes, which of the following is a step that an organization should follow in order to resume normal operations?

• A)Test the disaster recovery plan with trial data.
• B)Establish new insurance coverage.
• C)Notify all affected people, including customers, suppliers, and employees.
• D)Keep a copy of the disaster recovery plan off-site.

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Definitions:

Economic Growth

Economic growth is the increase in the production of goods and services in an economy over a period, leading to a rise in the country's standard of living.

Trade Deficit

A trade deficit occurs when a country's imports exceed its exports during a given time period.

Balance of Payments

A financial statement that summarizes a country's financial transactions with the rest of the world for a specific period.

Rate of Exchange

The value of one currency for the purpose of conversion to another, indicating how much foreign currency can be exchanged for a unit of domestic currency.