What Question Below Would a Company Need to Answer When

question 67

Multiple Choice

What question below would a company need to answer when first establishing a backup and recovery plan?

• A) What types of storage mechanism will meet the needs of the company?
• B) How often does the company need to backup its information?
• C) What types of recovery systems does the company infrastructure need?
• D) All of these choices

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Definitions:

Price Effect

The impact on consumer demand and supply of goods caused by changes in the price of a product or service.

Quantity Effect

The impact on the total quantity bought or sold in a market as a result of changes in price.

Least Elastic

Refers to the good or service with the least sensitivity to changes in price, meaning the quantity demanded or supplied changes very little with price changes.

Immediate Market Period

A very short time frame in market analysis where the supply of goods is fixed.