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Exam Code: 2016-FRR
Exam Name: Financial Risk and Regulation (FRR) Series
Vendor: GARP

60 Questions & Answers
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NEW QUESTION: 1
A company with 2000 workstations is considering purchasing a HIPS to minimize the impact of a system compromise from malware. Currently, the company projects a total cost of $50,000 for the next three years responding to and eradicating workstation malware. The Information Security Officer (ISO) has received three quotes from different companies that provide HIPS.
The first quote requires a $10,000 one-time fee, annual cost of $6 per workstation, and a 10% annual support fee based on the number of workstations.
The second quote requires a $15,000 one-time fee, an annual cost of $5 per workstation, and a 12% annual fee based on the number of workstations.
The third quote has no one-time fee, an annual cost of $8 per workstation, and a 15% annual fee based on the number of workstations.
Which solution should the company select if the contract is only valid for three years?
A. Third quote
B. Second quote
C. Accept the risk
D. First quote
Answer: B
Explanation:
We have 2000 workstations and a budget of $50,000 for the next three years. An annual fee of $5 per workstation works out to $10,000 per year. An additional 12% annual support fee adds another $1,200, which makes it $11,200 a year and $33,600 over three years. The $15,000 one-time fee pushes the total up to $48,600 over the tree years.
Incorrect Answers:
A: We have 2000 workstations and a budget of $50,000 for the next three years. An annual fee of $6 per workstation works out to $12,000 per year. An additional 10% annual support fee adds another $1,200, which makes it $13,200 a year and $39,600 over three years. The $10,000 one-time fee pushes the total up to $49,600 over the tree years. While this is within our budget, the second quote works out to less.
C: We have 2000 workstations and a budget of $50,000 for the next three years. An annual fee of $8 per workstation works out to $16,000 per year. An additional 15% annual support fee adds another $2,400, which makes it $18,400 a year and $55,200 over three years. This is over our budget of $50,000.
D: Accepting the risk is not an option.

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Answer: C
Explanation:
Explanation/Reference:
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NEW QUESTION: 3
A financial transaction processing application is in development testing. The developers can access the web interface, but they are unable to log in to the application.
Which two steps are important for troubleshooting? (Choose two.)
A. Check the authentication system to see if it is operating correctly.
B. Verify that the correct login credentials are being used.
C. Check for proper installation of the X Window System.
D. Check the load-balancer configuration.
E. Check the routing between the user and the application web server.
Answer: A,B

NEW QUESTION: 4

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


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