The fundamental difference between a business impact analysis (BIA) and risk management is that risk management focuses on identifying threats, vulnerabilities, and attacks to determine which controls can protect the information, while the<u> BIA assumes security controls </u><u>have been bypassed, have failed, or have proven </u><u>ineffective, </u><u>and the attack has</u><u> succeeded.</u>
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<h3>What is business impact analysis (BIA)?</h3>
A business impact analysis (BIA) refers to a scientific process to decide and compare the potential effects of an interruption to essential commercial enterprise operations as a result of a disaster, accident, or emergency.
A BIA is a crucial thing of an organization's commercial enterprise continuity plan (BCP).
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Therefore, BIA assumes security controls have been bypassed, have failed, or have proven ineffective, and the attack has succeeded.
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Answer: $780,000
Explanation:
The Paid-In Capital refers to the amount of Equity in the company which can also be said to be the amount of money raised from share sales;
= (45,000 * 10) + (30,000 * 11)
= $780,000
Answer:
The correct answer is: units-of-production.
Explanation:
In the depreciation method per production units, an annual production quantity is assigned according to the total calculation of potential units that can be produced in the useful life of the good. In order to calculate the total value, the units that were actually produced must be multiplied by the depreciation cost of each unit.
Answer:
C : $686
Explanation:
The computation of the cash received amount is shown below:
= (Sale value of merchandise - returned merchandise) × (100 - discount rate)
= ($1,000 - $300) × (100 - 2%)
= $700 × 98%
= $686
Since the payment is made within 30 days, so the company could avail the discount of 2% and the return goods should be deducted so that the actual amount of cash received can come.
The correct actions to show the journalized transaction of the sale of the piece of land by ABC Co. are:
- 1. 4,000 is entered in the cash dr column
- 2. sold land is entered in the explanation column
- 3. 4,000 is entered into the other accounts cr column
- 4. land is entered into the accounts credited column
<h3>How to record the sale of the land?</h3>
When land is sold, as ABC Co just did, the cash account is to be debited by the amount the land was sold for. This is because cash is increasing from the sale and so, like normal assets, will be debited to show an increase.
Land will be credited with the value of the land which is $4, 000. This shows that the land is no longer owned by the company and like other assets, when an asset leaves a company, it is credited.
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