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NEW QUESTION: 1
The Widget Company decided to take their company public and while they were in the process of doing so had an external auditor come and look at their company. As part of the external audit they brought in a technology expert, who incidentally was a new CISSP. The auditor's expert asked to see their last risk analysis from the technology manager. The technology manager did not get back to him for a few days and then the Chief Financial Officer gave the auditors a 2 page risk assessment that was signed by both the Chief Financial Officer and the Technology Manager. While reviewing it, the auditor noticed that only parts of their financial data were being backed up on site and nowhere else; the Chief Financial Officer accepted the risk of only partial financial data being backed up with no off-site copies available.
Who owns the risk with regards to the data that is being backed up and where it is stored?
A. Only the most Senior Management such as the Chief Executive Officer
B. Only the Chief Financial Officer
C. Both the Chief Financial Officer and Technology Manager
D. Only The Technology Manager
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The chief financial officer (CFO) is a member of the board. The board members are responsible for setting the organization's strategy and risk appetite (how much risk the company should take on).
In this question, the Chief Financial Officer accepted the risk of only partial financial data being backed up with no off-site copies available. The Chief Financial Officer therefore owns the risk.
Incorrect Answers:
B: The most Senior Management such as the Chief Executive Officer does not own the risk. The Chief Financial Officer is responsible for company finances and accepted the risk. This means that the CFO owns the risk, not the CEO.
C: The Technology Manager signed the risk assessment but he did not accept the risk.
D: The Technology Manager signed the risk assessment but he did not accept the risk.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, New York, 2013, p. 98

NEW QUESTION: 2
Ariba Network offers suppliers which of the following service that converts a PO into an invoice?
Please choose the correct answer.
Response:
A. Ariba Network invoices
B. Contract-based invoicing
C. PO-Invoice
D. PO flip
Answer: D

NEW QUESTION: 3
Given the following SAS data set ONE:
ONE CATEGORY AGE SALARY BONUS
M 28 200 20 M 25 100 10 M 28 300 10 M 33 300 30 F 18 100 50 F 25 200 10
F 35 400 50
The following SAS program is submitted:
proc sql;
select distinct category,
sum(sum(salary,bonus)) as EARNINGS
from one
where age < 30
group by category
having calculated EARNINGS < 500;
quit;
Which one of the following reports will be generated?
A. CATEGORY EARNINGS M 220 M 110 M 310 F 150 F 210
B. CATEGORY EARNINGS
F 150 F 210
C. CATEGORY EARNINGS
F 360
D. CATEGORY EARNINGS
M 640 F 360
Answer: C

NEW QUESTION: 4
Mr. Sahil has two daughter and is in receipt of education allowance of Rs 200 per month for each of them. What would be the taxable allowance in the hands of Mr. Sahil for the full FY.
A. NIL
B. Rs 4,800
C. Rs 1,200
D. Rs 2,400
Answer: D

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