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A chief audit executive (CAE) is obtaining information required by a regulatory oversight body and discovers a situation that requires management to take immediate corrective action. What is the best course of action for the CAE to take?
A. Report the situation to management immediately.
B. Wait until all of the information has been gathered and reported to the oversight body before reporting the situation to management.
C. Check with legal counsel to determine whether the situation can be reported to management before all information has been submitted to the oversight body.
D. Schedule an engagement to explore the situation in depth, before reporting to either management or the oversight body.
Answer: A
NEW QUESTION: 2
A system administrator is responding to a legal order to turn over all logs from all company servers. The system administrator records the system time of all servers to ensure that:
A. the NTP server works properly.
B. time offset can be calculated.
C. chain of custody is preserved.
D. HDD hashes are accurate.
Answer: B
NEW QUESTION: 3
Utility companies can generally price their product, a good that establishes a comfortable life-style (i.e.,
electricity, gas for home heating) based on the fact that the demand:
A. Is perfectly elastic.
B. Is relatively inelastic.
C. Is perfectly inelastic.
D. Is relatively elastic.
Answer: B
Explanation:
Choice "c" is correct. Goods that are important for a comfortable life-style would be relatively price
insensitive (i.e., inelastic). For example, demand for electricity would only decrease if there were an
enormous increase in price (people might then use other forms of energy - such as solar). Only goods that
are absolute necessities (a theoretical example is water) have perfectly inelastic demand curves. That is,
no matter what price is charged, people will still buy the product because they need it to stay alive.
Choices "a", "b", and "d" are incorrect, per Explanation: for choice "c" above.
NEW QUESTION: 4
A consultant is implementing a new instance of Sales Cloud for Cloud Kicks (CK). CK has a global sales presence, supporting a customer base throughout the world.
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A. Location-specific account structure without account hierarchies
B. Global account structure with one global account and all contacts and opportunities linked
C. Global account structure without account hierarchies
D. Location-specific account structure with account hierarchies
Answer: A
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