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:

Chassis

The base frame of a motor vehicle or other wheeled apparatus.

Accounting Break-even

Accounting Break-even refers to the point at which a company's total revenues equal its total expenses, resulting in no net profit or loss.

Net Income

The total profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenues.

Initial Project Expenditures

The initial costs incurred when starting a project, often including materials, labor, and other expenses.