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NEW QUESTION: 1
You are the project manager for your organization. You have determined that an activity is too dangerous to complete internally so you hire licensed contractor to complete the work. The contractor, however, may not complete the assigned work on time which could cause delays in subsequent work beginning. This is an example of what type of risk event?
A. Secondary risk
B. Internal
C. Pure risk
D. Transference
Answer: A

NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment required for these transactions. These treatments are:
* Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the accounting change or error correction in the 1993 financial statements, and do not restate the 1992 financial statements.
* Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust 1992 beginning retained earnings if the error or change affects a period prior to 1992.
* Prospective approach - Report 1993 and future financial statements on the new basis but do not restate 1992 financial statements.
Item to Be Answered
The equipment that Quo manufactures is sold with a five-year warranty. Because of a production breakthrough, Quo reduced its computation of warranty costs from 3% of sales to 1% of sales.
List B (Select one)
A. Retroactive or retrospective restatement approach.
B. Prospective approach.
C. Cumulative effect approach.
Answer: B

NEW QUESTION: 3
How do you verify that the Cascade Profiler has been successfully installed and configured?
A. Go to the System->Information page and assure that all status indications (System and Component, DNS Server) are displaying OK.
B. Go to the System->Devices/Interfaces page and assure that each data source that is expected to be available is listed and that no status indicators are red.
C. Go to the Reports->Traffic page. Near the bottom of the Report Criteria section, click Run now. Verify that a traffic report is displayed.
D. Go to the Dashboard page and verify that the graphs display data.
E. All of the Above
Answer: E

NEW QUESTION: 4
A main characteristic of a company with regional offices using a centralized treasury function is:
A. increased borrowing costs.
B. increased operating costs.
C. high level of control.
D. centrally determined depository accounts.
Answer: C