The Objective of Incident Management Is to Restore Normal Operations

question 24

True/False

The objective of incident management is to restore normal operations as quickly as possible with the least possible impact on either the business or the users.

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Definitions:

Non-diversifiable Risk

The portion of risk that can't be eliminated through diversification, often related to systemic factors affecting all investments.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Systematic Risk

Systematic risk refers to the overall market risk that cannot be eliminated through diversification, affecting all investments to some extent.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.