Describe the management/business issues around both business continuity and IT disaster recovery
What will be an ideal response?
Disaster contingency planning needs to be an integral part of doing business, and requires a commitment of resources to a disaster recovery process. In addition, business continuity and IT disaster recovery plans must be based on an assessment by top management of cost versus risk.
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Which one of the following is not an example of an additional procedure that typically relates to the discovery of subsequent events?
a. Partner review of all workpapers. b. Reading interim financial statements and comparing them to the audited statements to note significant changes. c. Reading the board of directors' minutes for all meetings during the year and after year- end through the end of field work. d. Management inquiry.
President Franklin D. Roosevelt declared that consumers are entitled to safety, to be informed, to choose, and to be heard.
Answer the following statement true (T) or false (F)
A shortage of blood for transfusions for injured animals has resulted in the introduction of a synthesized product called Oxyglobin, which can be used effectively as a blood replacement. The manufacturer of the product has put a high price on the product in order to recoup its research and development costs. The manufacturer of Oxyglobin is using a _____ policy.
A. price-banding B. penetration pricing C. price-lining D. bundling costs E. price-skimming
Answer the following statement(s) true (T) or false (F)
There is widespread agreement among corporate executives about the necessity of corporate social responsibility.