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An Organization Is Developing a Plan in the Event of a Complete

question 16

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An organization is developing a plan in the event of a complete loss of critical systems and data. Which of the following plans is the organization MOST likely developing?


Definitions:

Total Collection Time

The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.

Customer Cheques

Checks written by customers to pay for goods or services.

Monthly Statements

Financial reports that are issued at the end of each month detailing the financial activities, such as income and expenses, over the course of that month.

Collection Time

The standard timeframe a business needs to obtain amounts owed by its customers.

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