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NEW QUESTION: 1
Company expenses such as auditing costs, supervision, office supplies, building rent and maintenance are elements of the:
A. Capital budgeting process.
B. Contracts and administration costing system.
C. Fringe benefits packages.
D. None of the other alternatives apply .
E. Overhead rates.
Answer: E
NEW QUESTION: 2
A business requirement specifies that opportunities with a discount between 10% and 25% must be approved by the Regional Sales Manager (RSM). Which approach addresses the business requirement?
A. Create an approval step and workflow rule to create a task for the RSM.
B. Change the owner of the opportunity to the RSM upon save.
C. Create a workflow task and email notification to the RSM.
D. Create an approval step with the RSM as the approver.
Answer: D
NEW QUESTION: 3
The risk manager at a small bank wants to use quantitative analysis to determine the ALE of running a business system at a location which is subject to fires during the year. A risk analyst reports to the risk manager that the asset value of the business system is $120,000 and, based on industry data, the exposure factor to fires is only 20% due to the fire suppression system installed at the site. Fires occur in the area on average every four years. Which of the following is the ALE?
A. $24,000
B. $96,000
C. $6,000
D. $30,000
Answer: C
Explanation:
Single Loss Expectancy (SLE) is mathematically expressed as: Asset value (AV) x Exposure Factor (EF)
SLE = AV x EF = $120 000 x 20% = $ 24,000 (this is over 4 years)
Thus ALE = $ 24,000 / 4 = $ 6,000
References:
http://www.financeformulas.net/Return_on_Investment.html
https://en.wikipedia.org/wiki/Risk_assessment
Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK Guide), 5th Edition, Project Management Institute, Inc., Newtown Square, 2013, p. 198
McMillan, Troy and Robin Abernathy, CompTIA Advanced Security Practitioner (CASP) CAS-002 Cert Guide, Pearson Education, Indianapolis, 2015, p. 305