Price skimming:

• A.Sets a low introductory price.
• B.Sets a high introductory price.
• C.Sets different freight charges for customers in different zones.
• D.Uses markups tied closely to the price paid for a product.

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Which of the following is the best example of a compliance risk that is likely to arise when adopting a bring-your-own-device (BYOD) policy?

• A.The risk that smart devices can be lost or stolen due to their mobile nature.
• B.The risk that proprietary information is not deleted from the device when an employee leaves.
• C.The risk that an organization intrusively monitors personal information stored on smart devices.
• D.The risk that users try to bypass controls and do not install required software updates.

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Quality control programs employ many tools for problem definition and analysis. A scatter diagram is one of these tools. The objective of a scatter diagram is to:

• A.Display a population of items for analysis.
• B.Show frequency distribution in graphic form.
• C.Divide a universe of data into homogeneous groups.
• D.Show the vital trend and separate trivial items.

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Based on a comparison of RST's quick ratios in Year 5 and Year 6, what is a likely conclusion?

• A.RST has improved its management of long-term investments in Year 6.
• B.RST has written off obsolete inventory in Year 6.
• C.RST's ability to meet short-term financing needs has declined since Year 5.
• D.RST's ability to meet short-term financing needs has improved since Year 5.

Correct Answer: C

RST's quick ratio decreased from 2.5 in Year 5 [(US $4,000 cash + $2,000 financial assets held for trading + $14,000 net AIR] + $8,000] to 2.0 in Year 6 [(US $5,000 + $3,000 + $16,000) $12,000]. RST has fewer assets that are easily convertible to cash available to meet current liabilities. Thus, its ability to meet short-term financing needs has declined. RST Corporation's Income Statement for Year 5 and Year 6

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Which of the following is a project planning methodology that involves a complex series ot required simulations to provide information about schedule risk?

• A.Earned Value Management (EVM).
• B.Integrated Project Plan
• C.Monte Carlo Analysis
• D.Project Management Information System (PMIS)

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