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NEW QUESTION 50
VBN uses a balanced scorecard to monitor the performance of its divisions.
Classify each of the following decisions taken by a division’s management team as either commercially sound or dysfunctional.
Answer:
Explanation:
NEW QUESTION 51
The treasurer of IOK is considering entering into a money market hedge in order to hedge a payable.
Which of the following might be valid explanations for the use of a money market hedge for this purpose?
- A. The relevant currency markets are very thinly traded and the treasurer believes that forward contracts are mispriced.
- B. The timing of the payable does not permit the use of a forward contract.
- C. A money market hedge is easier and less expensive to organise than a future or forward contract.
- D. There are no forward contracts available for the purchase of the payable currency using IOK’s home currency.
- E. Money market hedges can be unwound whereas positions in derivatives cannot.
Answer: A,B,D
NEW QUESTION 52
DFR is an online retailer that sells picture frames The software running on DFR’s website enables customers to log in and make purchases by inputting an email address as a user name and a password that must contain at least eight characters, including upper and lower case letters, numbers and punctuation marks (e.g. £, $ or!) Once logged in, customers can check previous orders that they have placed.
Customers can also use DFR’s website to change personal details, including credit card numbers and delivery addresses Whenever they wish to use those facilities, the software sends a text message containing a six-digit number to their mobile phones They must input that number before the system will accept changes to their personal details Which TWO of the following statements are correct?
- A. It is illogical to have different security measures in place for orders and for access to personal details.
- B. Customers should be able to update the mobile phone numbers in their DFR accounts using only their email addresses and passwords for access
- C. The software should never show the whole of a customer’s credit card number on screen, even if the customer has logged in and input the six-digit number.
- D. The software treats customers’ personal details as being more sensitive than their ordering histories
- E. The arrangement with the text message will have no effect on the security associated with changing personal details
Answer: C,E
NEW QUESTION 53
UIO designs clothes and pays third parties to manufacture them A recent television programme showed that two of the factories used by UIO were employing illegal immigrants whose status was used by the factory’s owners to force them to work for low wages and in unpleasant and dangerous conditions. These factories were located in a developed country with strong labour laws Classify each of the following statements as true or false:
Answer:
Explanation:
NEW QUESTION 54
A government department is conducting a value for money audit on a school.
The school’s pupils sit leaving exams. Classify each of the audit tests as either economy and efficiency or effectiveness.
Answer:
Explanation:
NEW QUESTION 55
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