One Advantage to Using an Optical Disc as a Backup

question 11

True/False

One advantage to using an optical disc as a backup medium is its access and storage speed.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.

Assigning

The process of allocating or designating resources, tasks, responsibilities, or rights to specific entities or persons within the context of business or legal proceedings.

Pledging

Pledging involves using assets as collateral to secure a loan or obligation, ensuring the lender or party has a claim to the asset if the borrower defaults.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total accounts receivable on the balance sheet to reflect the amount that is expected to go uncollected.