- (Exam Topic 1)
Which of the following phases of a business cycle are marked by an underuse of resources?
* 1. The trough.
* 2. The peak.
* 3. The recovery.
* 4. The recession.
Correct Answer:B
- (Exam Topic 1)
In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?
Correct Answer:A
- (Exam Topic 1)
Which of the following are likely indicators of ineffective change management?
* 1. IT management is unable to predict how a change will impact interdependent systems or business processes.
* 2. There have been significant increases in trouble calls or in support hours logged by programmers.
* 3. There is a lack of turnover in the systems support and business analyst development groups.
* 4. Emergency changes that bypass the normal control process frequently are deemed necessary.
Correct Answer:C
- (Exam Topic 1)
Which of the following is the primary benefit of including end users in the system development process?
Correct Answer:C
- (Exam Topic 1)
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?
Correct Answer:C