What Is a Hot Site

question 83

Multiple Choice

What is a hot site?

• A) A site within a specific geographical location that has a high risk of natural or man-made disasters
• B) A fully equipped site that is located away from the organization's site where employees go to after a disaster
• C) The corporate site were high-level managers work
• D) The main headquarters for the organization that, because of its nature, is open to terrorists attack

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Definitions:

Current Liabilities

Short-term financial obligations that a company is required to pay within one year.

Acid-Test Ratio

A financial metric used to determine a company's short-term liquidity position by calculating the ratio of its most liquid assets to its current liabilities.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of the shareholders.

Prepaid Expenses

Costs paid in advance for goods or services to be received in the future, treated as assets until used.