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Exam Code: CIFC
Exam Name: Canadian Investment Funds Course Exam
Vendor: IFSE Institute

60 Questions & Answers
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NEW QUESTION: 1
Which primary IT process improvements are addressed by HP Operations Analytics for issues facing IT management? (Select three.)
A. enhancing the ability of IT to support business operations
B. triage process improvements
C. consolidating operations monitoring into a "single pane of glass"
D. service ticket automation
E. aligning the activities of IT with the strategic goals of the business
F. performing real-time modeling of the IT infrastructure
Answer: C,D,F

NEW QUESTION: 2
Which of the following statements about the availability concept of Information security management is true?
A. It ensures that modifications are not made to data by unauthorized personnel or processes.
B. It determines actions and behaviors of a single individual within a system.
C. It ensures reliable and timely access to resources.
D. It ensures that unauthorized modifications are not made to data by authorized personnel or processes.
Answer: C
Explanation:
Explanation/Reference:
Explanation: The concept of availability ensures reliable and timely access to data or resources. In other words, availability ensures that the systems are up and running when needed. The availability concept also ensures that the security services are in working order. Answer: A and D are incorrect. The concept of integrity ensures that modifications are not made to data by unauthorized personnel or processes. It also ensures that unauthorized modifications are not made to data by authorized personnel or processes.
Answer B is incorrect. Accountability determines the actions and behaviors of an individual within a
system, and identifies that particular individual. Audit trails and logs support accountability.

NEW QUESTION: 3
The draft accounts of KenDoo Ltd for the year ended 31 August 2006 showed a net profit of $10000.
During the audit, the following errors and omissions were discovered.
(a) Items valued at $3100 had been completely omitted from the closing stock figure.
(b) Accrual of electricity bill for $200 and insurance prepayment of $500 had been omitted.
(c) Equipment costing $12000, acquired on 1 September 2005, had been debited to the purchases acccount.
(KenDoo Ltd depreciates equipment at 15% on the straight line basis).
Due to materiality, the directors of KenDoo Ltd agreed to adjust the accounts accordingly.
Incorporating the above adjustments, the revised net profit is
Answer:
Explanation:
$23600

NEW QUESTION: 4
The actual output of a work center for a given time period can be determined by evaluating the:
A. number of machine hours.
B. number of standard hours in the queue.
C. number of standard hours per units produced.
D. amount of rated capacity less rework.
Answer: C


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