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:

Management Reserve

A budgetary allocation set aside to address unknown risks and unforeseen costs in a project.

Scope of the Project

The sum of all the project work and objectives to be achieved; this includes tasks, goals, deliverables, and constraints.

Managing Cash Flow

The process of monitoring, analyzing, and optimizing the net amount of cash receipts minus cash expenses.

Company's Money

The financial resources or capital belonging to a corporation, used for operational, investment, and strategic purposes.