What Occurs When the Ability of a Company to Operate

question 61

Multiple Choice

What occurs when the ability of a company to operate is impaired because of a hardware, software, or data outage?

• A)Emergence
• B)Emergency preparedness
• C)Business Impact analysis
• D)Technology failure

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Definitions:

Competitive

A market characteristic where multiple firms or entities vie for customers, influencing prices, quality, and services in the process.

Market Price

Market Price is the current price at which a good or service can be bought or sold in a marketplace.

Competitive Price-Taker

A market participant who must accept the prevailing market prices because they have no influence over those prices due to their small market share.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.