Statement 1: a Company Should Know What the Cost of Downtime

question 8

Multiple Choice

Statement 1: A company should know what the Cost Of Downtime is to determine the backup strategy. Statement 2: For the business continuity it is not important to determine the RTO.

• A) Statement 1 and Statement 2 are both True.
• B) Statement 1 is False; Statement 2 is True.
• C) Statement 1 and Statement 2 are both False.
• D) Statement 1 is True; Statement 2 is False.

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Definitions:

Output Effect

A phenomenon where changes in price level influence the quantity of goods and services produced in an economy due to the alteration in profitability of goods sold.

Price Effect

The impact on consumer demand or supply of goods due to changes in the price of those goods or related goods.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, or prohibitions.

Oligopoly

A market structure characterized by a small number of firms whose decisions affect and are affected by each other.