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Joe, a systems administrator, is setting up a risk management plan for the IT department. Part of the plan is to take daily backups of all servers. The server backups will be saved locally to NAS. Which of the following can Joe do to ensure the backups will work if needed?
Price Elasticity
A measure indicating how much the quantity demanded of a good or service changes in response to a change in its price.
Midpoint Method
A technique used in economics to calculate the elasticity of a variable, using the average of initial and final values as reference points.
Unit Elastic
Describes a situation where the change in quantity demanded or supplied is exactly proportional to the change in price.
Midpoint Method
A method employed in economics for determining demand or supply elasticity through calculating the mean of the initial and final prices and quantities.
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