Explanation/Reference:
Explanation:
Cost-benefit analysis is a process by which business decisions are analyzed. It is used to estimate and total up
the equivalent money value of the benefits and costs to the community of projects for establishing whether they
are worthwhile. It is a term that refers both to:
helping to appraise, or assess, the case for a project, program, or policy proposal;
an approach to making economic decisions of any kind. Under both definitions, the process involves, whether
explicitly or implicitly, weighing the total expected costs against the total expected benefits of one or more
actions in order to choose the best or most profitable option. The formal process is often referred to as either
CBA (Cost-Benefit Analysis) or BCA (Benefit-Cost Analysis).
Answer option A is incorrect. Business Continuity Planning (BCP) is the creation and validation of a practiced
logistical plan that defines how an organization will recover and restore partially or completely interrupted
critical (urgent) functions within a predetermined time after a disaster or extended disruption. The logistical plan
is called a Business Continuity Plan.
Answer option C is incorrect. Disaster recovery is the process, policies, and procedures related to preparing for
recovery or continuation of technology infrastructure critical to an organization after a natural or human-induced
disaster. Disaster recovery planning is a subset of a larger process known as business continuity planning and
should include planning for resumption of applications, data, hardware, communications (such as networking)
and other IT infrastructure. A business continuity plan (BCP) includes planning for non-IT related aspects such
as key personnel, facilities, crisis communication and reputation protection, and should refer to the disaster
recovery plan (DRP) for IT related infrastructure recovery / continuity.