Which of the Following Statements Is True of the Financial

question 80

Multiple Choice

Which of the following statements is true of the financial losses due to computer security threats?

• A)All studies on costs of computer crimes are based on unobtrusive research.
• B)The financial losses faced by companies due to human error are enormous.
• C)Damages caused by natural disasters are minimal when compared to the damages due to human errors.
• D)There are several set standards for tallying computer crime costs and financial losses.

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Definitions:

Making a Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in maintaining the operation.

Taking a Loss

A situation where the sale price of an asset is less than its purchase price, resulting in a financial loss for the seller.

Peak Efficiency

The optimal point of production or operation at which an entity is utilizing its resources most effectively, without waste.

Attract New Firms

Strategies or policies designed to encourage businesses to establish operations in a particular area.