What Ensures a Company Is Ready to Respond to an Emergency

question 184

Multiple Choice

What ensures a company is ready to respond to an emergency in an organized, timely, and effective manner?

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

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Definitions:

Gross Profit

The revenue a company retains after subtracting the expenses related to the production and sale of its goods or the provision of its services.

Operating Expenses

Recurring expenses related to the normal operations of a business, such as salaries, rent, utilities, and marketing costs, excluding the cost of goods sold.

Cost of Goods Sold

The expenditures directly related to generating the products a firm sells, which include the costs of materials and labor.

Classified Balance Sheet

A financial statement that groups a company’s assets, liabilities, and equity into categories, making it easier to understand a company’s financial position.