Data Backup Can Be Used to Prevent Logical Errors Such

question 19

True/False

Data backup can be used to prevent logical errors such as misoperations and viruses. Data backup ensures that the system can be restored to a correct logical version.

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Definitions:

Dividend Payable

A liability recorded when a company declares dividends to be paid to shareholders, representing the amount owed until the dividends are distributed.

Current Liability

Liabilities due within a short period, usually one year, that are to be paid with current assets.

Nearness to Maturity

The time remaining until a financial instrument reaches its specified maturity date, affecting its price and interest rate sensitivity.

Balance Sheet

A report detailing a firm's assets, liabilities, and owners' equity at a particular moment.