Business continuity terms - Study guides, Class notes & Summaries

Accounting 200 Exam 1 Latest Version 100% Verified What defines account payable? A liability representing an amount owed by a business to its suppliers or creditors, based on the business's general creditworthiness. Define accounting. Accounting refers to the system of collecting, recording, summarizing, and communicating financial information about business activities to decisionmakers. What does the accounting equation state? The accounting equation expresses that assets a...

WGU C722 FINAL EXAM!! Q&A – PROJECT MANAGEMENT (Guaranteed Score A+) Three essential drivers that must be achieved to generate positive characteristics in project teams *** Cohesiveness, Trust, Motivation The five stages Dr. Bruce Tuckman (1965) introduced of group development *** Forming, Storming, Norming, Performing, Adjorning Forming *** In this stage, team members may be meeting for the first time. Often, no one really knows much about anyone else on the team. It may be prematur...

CBCI - GPG Glossary of Terms and Exam Questions And Answers Activity or activities - ANS One or more tasks undertaken by, or for an organization, that produces or supports the delivery of one or more products and services. Analysis (PP3) - ANS The Professional Practice within the business continuity management lifecycle that reviews and assesses an organization to identify its objectives, how it functions and the constraints of its operating environment. Audit - ANS A systematic,...

Sole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. Sole Proprietorship Advantages - Answer-•Owner receives all profits; pays only personal taxes •Easy to create; less costly •Flexible decision making Sole Proprietorship Disadvantages - Answer-•Owner responsible for a...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...

ACG 2021 Chapter 1 Questions and Answers 100% Pass What is the role of financial accounting in business? It provides summarized financial data that must comply with Generally Accepted Accounting Principles (GAAP) and is used by external stakeholders. How does managerial accounting differ from financial accounting? Managerial accounting offers detailed information tailored to management's needs and does not need to adhere to GAAP. It is utilized by internal decision-makers. What ...

ISA 235 Exam 2 Review Question and answers already passed ISA 235 Exam 2 Review 5.1) What is an information MIS infrastructure? a) Infrastructure identifies ways that a company can grow in terms of computing resources while simultaneously becoming less dependent on hardware and energy consumption b) Identifies where and how important information, such as customer records, is maintained and secured c) Includes the hardware, software, and telecommunications equipment that, when combined,...

Business Continuity Terms Business Continuity Professional - ABCP - Associate Business Continuity Professional CBCP - Certified Business Continuity Professional MCBP - Master Business Continuity Professional ABCP - Associate Business Continuity Professional who has: • less than two years of Continuity Mgmt experience, • but has minimum knowledge in continuity management, • and has passed the qualifying exam. CBCP - Certified Business Continuity Professional who has: • ...

Accounting equation - Assets = Equities; or Assets = Liabilities + Stockholders' equity. Accounts payable - Amounts owed to suppliers for goods or services purchased on credit. Accounts receivable - Amounts due from customers for services already provided. Assets - Things of value owned by the business. Examples include cash, machines, and buildings. To their owners, assets possess service potential or utility that can be measured and expressed in money terms. Separate Economic Enti...

ISA 235 Exam 2 Review Exam Questions With 100% Verified Answers 5.1) What is an information MIS infrastructure? a) Infrastructure identifies ways that a company can grow in terms of computing resources while simultaneously becoming less dependent on hardware and energy consumption b) Identifies where and how important information, such as customer records, is maintained and secured c) Includes the hardware, software, and telecommunications equipment that, when combined, provides the unde...