List and briefly describe the disaster recovery plan process
What will be an ideal response?
1. Define planning groups— Planning groups must include key users from each business unit or operational area.
2. Establish Priorities— The DRP must address essential business processes, technology, networks, systems, and services. What functions are mission critical, important, or minor.
3. Develop a Recovery Strategy— The recovery strategy should cover the facts of surviving a disaster. The DRP should identify the following: people, facilities, network services, communication equipment, applications, clients and servers, support and maintenance contracts, required for the business to survive.
4. Develop Verification Measures and Procedures— Does the DRP work? Measures should be identified and carried out that prove the disaster recover strategy meets its goals and objectives.
5. Implement the Plan— The DRP should be documented and communicated to all essential to its success. Periodically, the DRP should be tested by performing its defined procedures to determine that it works.
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Explain the Law of Comparative Advantage.
What will be an ideal response?
The primary reason that financial accounting and managerial accounting have somewhat different objectives is because they
A) need information in different formats B) provide information for different decisions C) need information in different geographic locations D) need information at different times
The dividends account for a corporation is similar to the drawing account for a partnership
Indicate whether the statement is true or false
If Cp is less than 1, then ______.
A. the specification width is less than the range of the process B. the process is capable of consistently meeting its design specifications C. the process is incapable of being compliant with government regulations D. the process is incapable of being compliant with ISO requirements