Which of the Following Is True of the Measures to Be

question 7

Multiple Choice

Which of the following is true of the measures to be taken by an organization in the event of a data breach?

• A)The organization must delay informing its users so that the occurrence of data breach remains private.
• B)The organization must not involve additional technical or law enforcement professional as it may lead to further damage to its data.
• C)The organization must destroy the evidence of the breach to avoid future security problems.
• D)The organization must respond quickly to mitigate the amount of damage hackers can do with the stolen data.

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Definitions:

Income Statement Approach

A method to estimate bad debts expense by focusing on the income statement and adjusting the allowance for doubtful accounts to reach a desired net realizable value.

Bad Debts Expense

The cost associated with the estimated amount of receivables that a company is unable to collect from its customers.

Balance Sheet Approach

A method used for estimating uncollectible accounts by analyzing the accounts receivable on the balance sheet.

Bad Debts Expense

The portion of receivables that are estimated to be uncollectible due to customer defaults.