Frazier Electric keeps a paper copy of business records at the company's headquarters. The company also has two back-up copies of business records stored in electronic files
The electronic files are kept in the event the paper records are damaged or destroyed. The back-up files illustrate which of the following risk control techniques?
A) loss prevention
B) loss reduction
C) diversification
D) duplication
Answer: D
Business
You might also like to view...
If a real estate loan is paid off in advance of the due date, some lenders are legally allowed to charge a penalty. This is called what type of penalty?
a. acceleration b. alienation c. prepayment d. balloon
Business
A master budget worksheet is simply forecasted income and expenses for the budget year
Indicate whether the statement is true or false.
Business