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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?


Definitions:

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Selling Price

The amount at which an item or service is sold to the customer.

Outstanding Balance

The amount of money owed on a loan or credit account that has not yet been repaid.

Invoice

A document indicating a transaction between a buyer and a seller, listing the goods or services provided along with their prices and the total amount due.

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