If Assets Are Lost or Destroyed as the Result of a Disaster,____

question 48

Multiple Choice

If assets are lost or destroyed as the result of a disaster,____ must be in place to ensure the ongoing operation of critical business functions.

• A) business continuity plans
• B) business contingency plans
• C) financial recovery plans
• D) disaster contingency plans

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Definitions:

Bill of Rights

The initial ten adjustments to the U.S. Constitution, ensuring fundamental liberties and rights for the people of America.

Eminent Domain

The power of the government or its agent to seize private property for public use, with compensation to the owner.

Public Purposes

Activities or projects undertaken by the government for the benefit and welfare of the general public.

Fair Market Value

An appraisal of a property's market value, determined by the amount a well-informed, willing, and no-pressure buyer would probably pay to an equally well-informed, willing, and no-pressure seller in the marketplace.