Which of the Following Is Not a Risk Reduction Element

question 56

Multiple Choice

Which of the following is not a risk reduction element of a disaster recovery plan?

• A) Identification of alternate work site
• B) Off-site storage of backup files and programs
• C) Documentation of procedures and responsibilitie
• D) Adequate casualty insurance

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Definitions:

Operating Expense Fee

Fees charged by mutual funds and investment companies for the cost of managing the fund, including administrative and management services.

Front-End Load Fee

A charge applied at the time of purchase of an investment, typically pertaining to mutual funds.

12b-1 Fee

A fee that mutual funds may charge for marketing, distribution, and service expenses, expressed as a percentage of assets under management.

Net Asset Value

The value per share of a fund, calculated by dividing the total value of the fund's assets minus its liabilities by the number of shares outstanding.