Charlie Is Worried About Something Happening to His Data

question 74

Multiple Choice

Charlie is worried about something happening to his data. He uses it all the time in his business, and if something were to happen to it, he might lose his business. He has come to you for some answers on how to secure his data files and protect this resource.
-Which of the following is NOT a true statement you can make to Charlie?

• A) A backup service might close down without giving much notice to its users.
• B) Remote data is more prone to snooping by employees.
• C) Even if you lose your encryption key,you can still access and use encrypted data.
• D) Use an additional backup location for your really important files.

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Definitions:

Dividend

A payout to shareholders from a company's earnings, reflecting the company's earning power and success.

Stock Price

The current price at which a share of a company is being traded on the stock market.

Diversification

Diversification is an investment strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.

Unsystematic Risk

The risk associated with a specific company or industry that can be mitigated through diversification.