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A site fully equipped and operationally ready to take over functionality within minutes in the event of a system failure is classified as a warm site.
This statement is true.
This statement is false.
The description provided is actually the definition of a hot site. A hot site is a replica of the primary site of the organization, with full computer systems as well as near-complete backups of user data. It provides the ability to switch over operations to a standby server and resume operations seamlessly. In contrast, a warm site is equipped with some of the system hardware, software, telecommunications, and power sources, but it is not fully operational and would take longer to become operational compared to a hot site.
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