Describe the components of a disaster recovery plan
Every disaster recovery plan should:
designate a second site backup
identify critical applications
perform backup and off-site storage procedures
create a disaster recovery team
test the disaster recovery plan
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Assume that the $1,000, 90-day, 8 percent note was received on August 31 and that the fiscal year ended on September 30 . The adjusting entry that would be made to record the interest receivable is (amounts rounded to nearest dollar):
a. Interest receivable 7 Interest Income 7 b. Notes receivable 7 Interest Income 7 c. Accounts receivable 20 Cash 20 d. Interest income 20 Accounts receivable 20
A variable is a business intelligence characteristic that stands for a value that cannot change over time.
Answer the following statement true (T) or false (F)
A new business fails to prioritize ethics training for its employees, and as a result a low-trust environment develops among the different departments of the business. Based on management theorist W. Edwards Deming’s quoted thoughts about the importance of trust, what might one predict will happen?
a. A culture of intense corruption will form, with most employees acting unethically with respect to the customer. b. Each department will pursue its own self-interest instead of the interests of the entire business, and the business will suffer. c. The business’s profits and public image may rise to new heights, but internal dynamics and employees’ happiness with their work will suffer. d. The loss of trust will lead to a rapid confrontation with governmental ethics authorities and a likely demise of the business.
The effective-interest method of amortizing a bond discount or premium is the preferred method
Indicate whether the statement is true or false