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NEW QUESTION: 1
Gamma Bank has a significant number of retail customers and finds its balance sheet shape and structure
difficult to manage. Which one of the following characteristics of a bank with wide retail operations is
INCORRECT?
A. Attracting and retaining customers often involves offering retail products whose features are different
from wholesale market products.
B. Banks with a wide retail base are typically driven by contractual obligations and not simply relationship
considerations.
C. Pricing of retail products often has more to do with marketing considerations rather than prevailing
market price.
D. The way retail customers behave in relation to the retail banking products they hold often results in the
apparent contractual obligation of the parties providing a poor description of the actual nature of the
obligations.
Answer: B
NEW QUESTION: 2
In clustered Data ONTAP, which prompt verifies that you are in the cluster shell if the cluster is named "netappu"?
A. netappu-01::>
B. netappu-01>
C. netappu::>
D. netappu-01%
Answer: C
NEW QUESTION: 3
Your company has purchased 10 new trucks for $20,000 each for the service department. The controller has determined that the trucks will be sold after 10 years with a salvage value of about 10%. The county assessor lists 7 years as the useful life of these trucks. For purposes of financial statement reporting, the company will carry these on the books for 5 years. The controller wants these tracked with other vehicles in the VEH group.
You need information from the controller in order to set up accounting for these fixed assets.
What information will be entered into the books for these trucks?
A. a depreciation period of 60 months for tax purposes
B. a depreciation period of 84 months for tax purposes
C. a depreciation period of 36 months for tax purposes
D. a depreciation period of 120 months for tax purposes
Answer: A
NEW QUESTION: 4
Which of the following is an output of risk assessment process?
A. Identification of risk
B. Identification of appropriate controls
C. Mitigated risk
D. Enterprise left with residual risk
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The output of the risk assessment process is identification of appropriate controls for reducing or eliminating risk during the risk mitigation process. To determine the likelihood of a future adverse event, threats to an IT system must be analyzed in conjunction with the potential vulnerabilities and the controls in place for the IT system.
Once risk factors have been identified, existing or new controls are designed and measured for their strength and likelihood of effectiveness. Controls are preventive, detective or corrective; manual or programmed; and formal or ad hoc.
Incorrect Answers:
A: Risk identification acts as input of the risk assessment process.
C: This is an output of risk mitigation process, that is, after applying several risk responses.
D: Residual risk is the latter output after appropriate control.
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