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____ Means Making Redundant Copies of Files to Guarantee That

question 92

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____ means making redundant copies of files to guarantee that if the original file is damaged,another can take its place immediately.

Describe the different payment options available in medical practices, including the pros and cons of accepting credit and debit cards.
Understand the concepts and functions of digital financial instruments, including cryptocurrency and electronic checks.
Recognize the types of checks used by businesses, such as third-party checks, limited checks, and voucher checks.
Understand the importance of diversified banking practices to mitigate potential risks.

Definitions:

Operating Leverage

An indicator of the extent to which increases in revenue lead to increases in operating profit, showing the level of fixed expenses within the financial framework of a business.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.

Forecasting Risk

The potential for future revenues or earnings to deviate from projected amounts due to variables that affect demand, supply, and pricing.

NPV Estimates

Calculations used to determine the Net Present Value of an investment, forecasting the difference between the present value of cash inflows and outflows.

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