Describe the Need for Convenient and Safe Backup Storage

question 13

Essay

Describe the need for convenient and safe backup storage.

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Definitions:

Cash Dividend

A cash dividend is a payment made by a company out of its profits to shareholders in the form of cash, usually on a quarterly basis.

Equipment Purchase

The acquisition of physical assets like machinery and technology for use in operations, often considered a capital expenditure.

Direct Method

A method of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Operating Activities

Activities that relate directly to the business's primary operations and functions, including sales, distribution, and production, influencing the day-to-day profitability.