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:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to known amounts of cash with original maturities of three months or less.

Allowance Method

A method in accounting that involves estimating the accounts that are uncollectible at the end of each period to account for bad debts.

Receivables

Amounts owed to a company by customers or other parties as a result of the company providing goods or services on credit.