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NEW QUESTION: 1

A. Option C
B. Option A
C. Option D
D. Option B
Answer: C

NEW QUESTION: 2
Given the business requirement in the use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What are the key transaction types mentioned in the use case?
A. Purchase Trucks and Deploy Trucks
B. Initiate Truck Rentals Contract and Pay Truck Maintenance
C. Pay Insurance and Control Truck Services
D. Purchase Trucks and Pay Out Trucks
Answer: D

NEW QUESTION: 3

A. Option C
B. Option A
C. Option D
D. Option E
E. Option B
Answer: B,C

NEW QUESTION: 4
Victor Lazquez is an analyst with Amro Investments and follows the optical instrument manufacturers. In this capacity, he has learnt a few trade secrets pertaining to a leading edge firm, Fibroptica. Recently, he was approached by Fibroptica's competitor, Lensmakers Inc., who offered him a 3 month project on the optical industry practices. Victor realizes that such a project could reveal Fibroptica's trade secrets indirectly. However, he decides he will be very careful and accepts Lensmakers' offer. If he does not inform his employer about this project, he will
A. not have violated any AIMR code since the project does not give rise to a conflict of interest with Amro's business.
B. have violated Standard III (B) - Duty to the Employer.
C. have violated Standard III (D) - Disclosure of Additional Compensation Arrangements.
D. have violated Standard III (C) - Disclosure of Conflicts to the Employer.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Victor's knowledge about the trade secrets have arisen in course of his employment with Amro. As such, he has an obligation to get written permission from Amro before he can accept any outside projects. Note that if such a project had been in direct competition with Amro's business, Victor would also have violated Standard III (B) - Duty to the Employer.