Data That Are Lost, Destroyed, or Compromised Have Financial Implications

question 58

Multiple Choice

Data that are lost, destroyed, or compromised have financial implications. As such it is critical that businesses have ________ to ensure that data are secure, accurate, and that integrity is maintained.

• A) Compliance systems
• B) Strategic marketing plan
• C) Quality control
• D) Standard Operation Procedures SOP)

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Definitions:

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, facilitating the flow of funds in the financial system.

Goldman Sachs

A leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a sizable and diversified client base.

Venture Capital

Financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

Start-up Companies

Newly established businesses typically characterized by high growth potential and innovative business models or products.