Ciscon Telecom Is a Mobile Operator in the European Union

question 4

Multiple Choice

Ciscon Telecom is a mobile operator in the European Union.The company provides personalized services to its customers and its databases contain valuable information about its customers.The loss of customer information which is used to decide services would be extremely harmful to the organization.Which of the following strategies used by Ciscon is an example of risk transference?

• A) The company insures any possible data loss for a large sum.
• B) The company forms a special team of top executives to monitor and correct the information policies.
• C) It installs a corporate firewall to protect unauthorized access to information.
• D) It enforces a strict employee data policy and prohibits employees from unauthorized access.
• E) The company decides to absorb any damages that might occur.

---

Definitions:

Marginal Costs

The increase or decrease in the total costs incurred by producing one additional unit of a product or service.

Resources Scarcity

The economic problem of having seemingly unlimited human wants in a world of limited resources.

Consumer's Income

The total amount of earnings available to an individual or household to spend or save after taxes.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased with a given budget at current prices.