Which of the Following Statements Is True of the Financial

question 45

Multiple Choice

Which of the following statements is true of the financial losses due to computer security threats?

• A) All studies on costs of computer crimes are based on unobtrusive research.
• B) There are several set standards for tallying computer crime costs and financial losses.
• C) The financial losses faced by companies due to human error are enormous.
• D) Damages caused by natural disasters are minimal when compared to the damages due to human errors.

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Definitions:

Variable Cost

Costs that change in proportion to the level of goods or services produced by a business, such as raw materials and direct labor.

Profitable Use

The effective and efficient utilization of resources (assets, equipment, personnel) that leads to generating profit or achieving financially beneficial outcomes.

Intermediate Product

An intermediate product is a semi-finished good used as input in the production of another final or finished product.

Refined Sugar

Sugar that has been processed from its natural state to remove impurities and achieve a higher level of purity.