Which of the Following Statements Are Accurate About Emergency and Backup

question 10

Multiple Choice

Which of the following statements are accurate about emergency and backup plans?

• A)An emergency plan outlines steps to ensure the availability of resources for ongoing business and information system processing operations whereas a backup plan provides direction during and immediately after an incident.
• B)An emergency plan is tested routinely whereas a backup plan is only used if the emergency plan fails.
• C)Emergency and backup plans are the same.
• D)A backup plan outlines steps to ensure the availability of resources for ongoing business and information system processing operations whereas an emergency plan provides direction during and immediately after an incident.

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Definitions:

Economic Profit

Economic profit is the difference between total revenue and total costs, including both explicit and implicit costs, measuring the profit that exceeds the next best alternative use of resources.

Short Run

A period in economics during which at least one input is fixed and cannot be changed, limiting the ability of a firm to adjust to market changes.

Fixed Inputs

Resources used in the production process whose quantity cannot easily be changed in the short run, such as buildings and machinery.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, ceteris paribus (with all other inputs held constant).