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Exam Code: CSC1
Exam Name: Canadian Securities Course Exam 1
Vendor: CSI

60 Questions & Answers
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NEW QUESTION: 1
A bank has given a customer a merchandise gift with a fair market value of $25.00 for opening a deposit account. Which of the following statements describes the proper reporting status of this gift?
A. If the cost of the gift is under $20.00, it is not reportable to the IRS.
B. The fair market value of the gift is added to the interest paid and reported on Form 1099-INT.
C. The cost of the gift is credited to the customer's account as a bonus, increasing the account balance.
D. The fair market value of the gift is reported to the customer on the periodic statement.
Answer: B

NEW QUESTION: 2
What is the difference between Access Control Lists (ACLs) and Capability Tables?
A. Capability tables are used for objects whereas access control lists are used for users.
B. Access control lists are related/attached to a subject whereas capability tables are related/attached to an object.
C. They are basically the same.
D. Access control lists are related/attached to an object whereas capability tables are related/attached to a subject.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
A capability table stipulates the access rights that a specified subject has in relation to detailed objects.
Access control lists defines subjects that are authorized to access a specific object, and includes the level of authorization that subjects are granted.
Therefore, the difference between the two is that the subject is bound to the capability table, while the object is bound to the ACL.
Incorrect Answers:
A: This is incorrect as access control lists are related/attached to an object, and capability tables are related/attached to a subject.
C: This is incorrect as access control lists are used for objects, and capability tables are for subjects.
D: access control lists and capability tables are not basically the same because one is bound to objects, and the other is bound to subjects.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, 2013, pp. 229-231

NEW QUESTION: 3
The consultant sets the default payment terms using the Express Configuration wizard. During system testing, the sales manager discovers that the default payment terms have changed.
What can the consultant check to find out when this occurred and who made the change?
Please choose the correct answer.
Response:
A. The change history log in the Tools menu
B. The SAP Business One client agent log
C. The configuration report in the Implementation Center
D. The Remote Support Platform log
Answer: C

NEW QUESTION: 4
A developer wants to create an enterprise bean that uses the EJB Timer service.
Which two are true? (Choose two.)
A. The developer can use either a message-driven bean, stateless session bean, or stateful session bean.
B. The bean can be used within a transaction.
C. The enterprise bean must implement the TimedObject interface.
D. Once created, the timer will survive a container crash.
E. Once created, a timer cannot be canceled.
Answer: B,D
Explanation:
B: An enterprise bean usually creates a timer within a transaction. If this transaction is rolled back, the timer creation also is rolled back. Similarly, if a bean cancels a timer within a transaction that gets rolled back, the timer cancellation is rolled back.
C: Timers are persistent by default. If the server is shut down or crashes, persistent timers are saved and will become active again when the server is restarted. If a persistent timer expires while the server is down, the container will call the @Timeout method when the server is restarted.
Reference: The Java EE 6Tutorial. PartNo: 821- Transactions andTimers


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