A Contingency Plan for Systems Critical to a Large Organization

question 33

Multiple Choice

A contingency plan for systems critical to a large organization would be _________ than that for a small business.

• A) smaller, less detailed
• B) larger, less detailed
• C) larger, more detailed
• D) smaller, more detailed

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Definitions:

Carrying Value

The book value of assets and liabilities as reported on the balance sheet, reflecting original cost adjusted for depreciation, amortization, and impairments.

Restricted Fund

Funds that are earmarked for a specific purpose by the donor or governing body and cannot be used for general expenses.

Capital Fund

A reserve of capital that can be used for investment, growth, or to cover future liabilities or expenditures.

General Fund

The primary operating fund of a government, covering most common services.