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NEW QUESTION: 1
Which of the following is not a factor, with respect to pending litigation that must be considered in determining whether a provision should be recognized?
A. The number of parties involved in the litigation.
B. The time period in which the underlying cause of action occurred.
C. The probability of an unfavorable outcome.
D. The ability to make a reliable estimate of the amount of loss.
Answer: A
Explanation:
The number of parties involved in the litigation is irrelevant. For example, the same accounting treatment is applied whether a claim is brought by an individual or in a class action suit.
NEW QUESTION: 2
An issue requires the execution of the project's contingency plan, which impacts the schedule. What should the project manager do?
A. Initiate a risk audit.
B. Update the contingency plan.
C. Issue a change request.
D. Review the cost impact.
Answer: C
NEW QUESTION: 3
A corporate bond was trading with 2%probability of default and 60% loss given default. Due to the credit
crisis the probability of default increased to 10% and the loss given default increased to 100%. Assuming that
the risk premium remained the same how did the credit spread change?
A. Decreased by 880 basis points
B. Increased by 1000 basis points
C. Increased by 880 basis points
D. Increased by 1120 basis points
Answer: C
NEW QUESTION: 4
A customer is getting ready to set up a Level 3 profile in order to scan their production IBM WebSphere servers which are running V6.1, V7, V8, and V8.5. What should be the first step in setting up the profile?
A. Check the sensor reference guide in the IBM Info Center to ensure the scanned platforms are supported target versions
B. Retrieve needed SSL WebSphere certificates and place them on the IBM Tivoli Application Dependency Discovery Manager Console
C. Check if WebSphere security is turned on and if so, obtain a valid user ID and password to the WebSphere Admin Console
D. Setup access list entry
Answer: A