What are the objectives of governance as defined by the Standards?

• A.Add value, improve, assure, and conform.
• B.Identify, assess, manage, and control.
• C.Organize, assign, authorize, and implement.
• D.Inform, direct, manage, and monitor.

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A retail organization is considering acquiring a composite textile company. The retailer's due diligence team determined the value of the textile company to be $50 million. The financial experts forecasted net present value of future cash flows to be $60 million. Experts at the textile company determined their company's market value to be $55 million if purchased by another entity. However, the textile company could earn more than $70 million from the retail organization due to synergies. Therefore, the textile company is motivated to make the negotiation successful. Which of the following approaches is most likely to result in a successful negotiation?

• A.Develop a bargaining zone that lies between $50 million and $70 million and create sets of outcomes between $50 million and $70 million.
• B.Develop a bargaining zone that lies between $55 million and $60 million and create sets of outcomes between $55 million and $60 million.
• C.Involve a mediator as a neutral party who can work with the textile company's management to determine a bargaining zone.
• D.Adopt an added-value negotiating strategy, develop a bargaining zone between $50 million and $70 million, and create sets of outcomes between $50 million and $70 million.

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In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?

• A.Identifying the processes at the activity level.
• B.Identifying the risks affecting the organization, the objectives, and then the processes concerned.
• C.Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.
• D.Analyzing the organization's strategic plan where the business processes are defined.

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International marketing activities often begin with:

• A.Limited exporting.
• B.Global marketing.
• C.Domestic marketing.
• D.Standardization.

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A brand manager in a consumer food products organization suspected that several days of the point-of-sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:

• A.Sort on product identification code and identify missing product identification codes.
• B.Compare product identification codes for consecutive periods.
• C.Review store identification code and identify missing product identification codes.
• D.Compare product identification codes by store for consecutive periods.

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