If the exchange rate has changed from 1 local currency unit LCU) to 5 foreign currency units FCUs) to a rate of 1 LCU to 5.5 FCUs,

• A.The LCU has appreciated by 10%.
• B.The LCU has depreciated by 10%.
• C.The FCU has appreciated by 20%.
• D.The FCU has depreciated by 20%.

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Which of the following is an example of an application control?

• A.Formatted data fields
• B.System data backup process
• C.User testing of system changes
• D.Automated password change requirements

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An employee frequently uses a personal smart device to send and receive work-related emails. Which of the following controls would be most effective to mitigate security risks related to these transmissions?

• A.Data encryption.
• B.Software encryption
• C.Hardware encryption.
• D.Authentication.

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Companies that adopt just-in-time purchasing systems often experience:

• A.An increase in carrying costs.
• B.A reduction in the number of suppliers.
• C.A greater need for inspection of goods as the goods arrive.
• D.Less need for linkage with a vendor's computerized order entry system.

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When an entity reports amounts for basic and diluted earnings per share,

• A.The entity should be presented with equal prominence on the face of the income statement.
• B.The entity need not be shown on the face of the income statement but must be disclosed in the notes to the financial statements.
• C.The entity need to be reported for profit or loss only.
• D.BEPS should be presented on the face of the income statement. DEPS may be disclosed either on the face of the income statement or in the notes.

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