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NEW QUESTION: 1
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
NEW QUESTION: 2
Managers at a fast food chain that employs mostly minimum wage workers learn that a new law may increase the minimum wage in the United States by 25 percent. Assuming demand for labor is NOT perfectly elastic, how will this affect the market outcome?
A. At any market price, fast food restaurants will be willing to supply less food.
B. Price and quantity of fast food will not change, but the fast food chain will capture more value.
C. Demand for fast food will increase, offsetting the change in price due to decreased supply.
D. As more people will be willing to work for the higher wage, the fast food chain's output will increase.
Answer: A
Explanation:
Topic 3, Financial Accounting
NEW QUESTION: 3
An IS auditor invited to a development project meeting notes that no project risks have been documented.
When the IS auditor raises this issue, the project manager responds that it is too early to identify risks and that, if risks do start impacting the project, a risk manager will be hired. The appropriate response of the IS auditor would be to:
A. accept the project manager's position as the project manager is accountable for the outcome of the project.
B. inform the project manager that the IS auditor will conduct a review of the risks at the completion of the requirements definition phase of the project.
C. stress the importance of spending time at this point in the project to consider and document risks, and to develop contingency plans.
D. offer to work with the risk manager when one is appointed.
Answer: C
Explanation:
Explanation/Reference:
Explanation: the majority of project risks can typically be identified before a project begins, allowing mitigation/avoidance plans to be put in place to deal with the risks. A project should have a clear link back to corporate strategy and tactical plans to support this strategy. The process of setting corporate strategy, setting objectives and developing tactical plans should include the consideration of risks. Appointing a risk manager is a good practice but waiting until the project has been impacted by risks is misguided. Risk management needs to be forward looking; allowing risks to evolve into issues that adversely impact the project represents a failure of risk management. With or without a risk manager, persons within and outside of the project team need to be consulted and encouraged to comment when they believe new risks have emerged or risk priorities have changed. The IS auditor has an obligation to the project sponsor and the organization to advise on appropriate project manage me practices. Waiting for the possible appointment of a risk manager represents an unnecessary and dangerous delay to implementing risk management.
NEW QUESTION: 4
Your customer wants to set CI_HOURSto 720 but they don't want to notify customers when the incident status automatically changes.
Which Contact Email Message should be turned off?
A. Question Receipt
B. Incident Unresolved
C. Incident Solved
D. Rule Email
E. Incident Closed
F. Incident Waiting
Answer: C
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