Bender Day 1

Question 1

Equation: Effective Interest

Answer 1

Interest paid / Net Process

MCQ-04208

Question 2

What’s risks can be minimized by requiring all employees accessing the information system to use passwords?

Answer 2

Firewall Vulnerability

MCQ-04827

Question 3

Economic fluctuations (or business cycles) are best described as?

Answer 3

Fluctuations in the level of economic activity, relative to a long term growth trend

MCQ-03305

Question 4

What is an accurate Stmt about existing Control Activities?

Answer 4

Segregation of duties is a critical preventive activity control

MCQ-00457

Question 5

What are supporting documents for an IT security policy?

Answer 5

1. Industry regulations
2. Performance standards for IT assets
3. Protocols for IT processes

MCQ-14596

Question 6

Any business that has the ability to control the price of the product it sells has:

Answer 6

Faces a downward slopping demand curve

MCQ-03450

Question 7

True or false: the board of directors must have an audit committee entirely composed of members who are independent from MGMT influence

Answer 7

True

MCQ-05162

Question 8

The transfer price set by the patent or subsidiary for goods or services most likely can be used by multinational companies to:

Answer 8

Transfer as much cost as allowable to the country with the highest overall tax burden

MCQ-14821

Question 9

What is true regarding an economy at the park of it’s business cycle?

Answer 9

The economy will be at the natural rate of unemployment

MCQ-05024

Question 10

The movement along the demand curve from one price quantity combination to another is called?

Answer 10

Change in quantity demanded

MCQ-03962

Question 11

If the demand for a normal good is Inelastic, then the sales price of the product would increase following a:

Answer 11

Decrease in supply of that product

MCQ-03701