Day 12

Question 1

What is a backup system that only copies the items that have changed since the last backup called?

Answer 1

Incremental Backup

MCQ-13033

Question 2

An organization houses it’s servers in a floodplain. They decide to raise the floors in order to avoid flood damage. What type of control is this?

Answer 2

Systems Availability Control

MCQ-14515

Question 3

Define: Differential Backup

Answer 3

Copies all changes made since the last FULL BACKUP

MCQ-06389

Question 4

There things a Disaster Recovery Plan must have:

Answer 4

1. Alternate processing site
2. Backup of programs and data
3. Test of the plan
   the lack of DOWNTIME

MCQ-05584
MCQ-05571

Question 5

Equation: Capital Asset Pricing Model (CAPM)

Answer 5

Cost of RE = Risk-free rate + [Beta × (Market return - Risk-free rate)]

MCQ-08351

Question 6

Three elements needed to estimate the cost of equity capital:

Answer 6

1. Current dividends per share (D)
2. Expected growth rate in dividends (g)
3. Current market price per share of Common Stock (P)

MCQ-03920

Question 7

Equation: Annual Operating Cash Flow

Answer 7

Annual OCF = Pretax cash flow × (1 - Tax Rate) + (Depreciation × Tax Rate)

MCQ-08558

Question 8

A Regression equation estimates the ________ variable.

Answer 8

Dependent

MCQ-04231

Question 9

What are the components of Enterprise Risk Management

Answer 9

1. Strategy and Objective setting
2. Performance
3. Information and Communications
4. Reporting

MCQ-00641

Question 10

What performance measurement is calculated as an investment centers after tax operating income minus the product of its total assets multiplied by the company’s Weighted Average Cost of Capital (WACC)

Answer 10

Economic Value Added

MCQ-08548

Question 11

Define: Hot Site

Answer 11

A disaster recovery center that has equipment that can restore operations within hours of the disaster

MCQ-06400

Question 12

Seven steps of The Waterfall Model:

Answer 12

1. Plan
2. Analyze
3. Design
4. Develop
5. Test
6. Deploy
7. Maintain

MCQ-14524

Question 13

Five Trust Services Principles:

Answer 13

1. Security
   A. Firewalls
   B. Intrusion detection
   C. Multi-factor authentication
2. Availability
   A. Performance Monitoring
   B. Disaster Recovery
   C. Incident Handling
3. Confidentiality
   A. Encryption
   B. Access controls
   C. Firewalls
4. Processing Integrity
   A. Quality Assurance
   B. Process monitoring
5. Privacy
   A. Access controls
   B. Multi-factor authentication
   C. Encryption

SuperFastCPA Notes