Perhaps the Most Striking Fact About Natural Disasters in Relation

question 27

Multiple Choice

Perhaps the most striking fact about natural disasters in relation to AIS controls is that

• A)many companies in one locale can be seriously affected at one time by a disaster.
• B)losses are absolutely unpreventable.
• C)there are a large number of major disasters every year.
• D)disaster planning has largely been ignored in the literature.

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Definitions:

Profit Margin

The ratio or percentage of profit to sales, reflecting the efficiency with which a company or business unit generates income relative to its revenue.

Competition-Based Method

A method of price setting based on the price offered by competitors.

Price-Setting Methods

Various strategies and techniques businesses use to determine the selling price of their goods or services.

Variable Cost Method

An accounting method where product costs include variable expenses, changing with the level of output, but exclude fixed costs.