What Type of Backup Strategy Would You Recommend to an Organization

question 19

Multiple Choice

What type of backup strategy would you recommend to an organization that deals with large volumes of critical information?

• A) Hourly
• B) Daily
• C) Weekly
• D) Monthly

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Definitions:

Deposits In Transit

Funds that have been deposited in a bank account but not yet recorded by the bank in the account balance, often due to timing differences.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against, leading to a "non-sufficient funds" status.

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses.

Cash Short

An accounting term referring to a situation where the actual physical cash differs from the expected amount, typically indicating a shortfall.