Which of the Following Statements Is Not True About Continuity

question 16

Multiple Choice

Which of the following statements is not true about continuity planning?

• A)A good continuity plan is intentionally ambiguous to prevent hacking.
• B)Wait time decreases satisfaction and can diminish quality of care.
• C)Health care organizations are catching up with other industries in understanding the business case for continuity of operations.
• D)Health care organizations must be able to effectively deal with crises.

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Definitions:

Adjusting Entry

Recording entries in journals at an accounting period's end to distribute income and expenses to the actual period of occurrence.

Prepaid Insurance

Refers to payments made in advance for insurance coverage, recognized as an asset on the balance sheet until the coverage period lapses.

Prepaid Expenses

Expenses paid in advance by a company for goods or services to be received in the future, reported as current assets on the balance sheet.

Adjusting Entry

Journal entries made at the end of an accounting period to update account balances before financial statements are prepared.