What Is Business Continuity Management

question 5

Multiple Choice

What is Business Continuity Management?

• A) A way of planning to use best practice within an organization
• B) A way of planning the best quality approach to the running of an organization
• C) A plan to keep an organization working following a crisis
• D) A plan to deliver sustainability within an organization

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Definitions:

Drawings

The funds withdrawn by the owner of a sole proprietorship or partnership from the business for personal use.

Beginning Capital

The amount of capital at the start of a period before any transactions have occurred within the period.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, often referred to as the owner's claim against the assets.

Total Liabilities

The sum of all financial obligations a company owes to outside parties.