Statement 1: Disaster Recovery Plans Eliminate the Need for Backups

question 85

Multiple Choice

Statement 1: Disaster Recovery plans eliminate the need for backups on tape or disk. Statement 2: With the design of the DR plan one should always assume the worst possible scenario.

• A) Statement 1 and 2 are true.
• B) Statement 1 and 2 are false.
• C) Statement 1 is true; Statement 2 is false.
• D) Statement 1 is false; Statement 2 is true.

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Definitions:

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Owner’s Equity, ensuring balance in financial reporting.

Assets

Economic resources owned or controlled by a business or individual, expected to produce future benefits.

Equity

The amount of ownership interest in a company, typically represented by the shares held by its shareholders.

Dividends

Payments made to shareholders out of a company's earnings, distributing a portion of the profit to investors as a return on their investment.