An organization's network administrator received an email that appeared to come from the organization's external IT service provider requesting his credentials to perform an update of a server operating system If the IT service provider did not send the email, which of the following best describes the likely purpose of the email?

• A.An attempt to launch malware
• B.An attempt at penetration testing
• C.An attempt at phishing.
• D.An attempt to patch the server

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Which of the following physical access controls often functions as both a preventive and detective control?

• A.Firewalls.
• B.Surveillance cameras.
• C.Locked doors.
• D.Login IDs and passwords.

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If legal or regulatory standards prohibit conformance with certain parts of The IIA's Standards, the auditor should do which of the following?

• A.Conform with all other parts of The IIA's Standards and provide appropriate disclosures.
• B.Conform with all other parts of The IIA's Standards; there is no need to provide appropriate disclosures.
• C.Continue the engagement without conforming with the other parts of The IIA's Standards.
• D.Withdraw from the engagement.

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Assume that nominal interest rates just increased substantially but that the expected future dividends for an entity over the long run were not affected. As a result of the increase in nominal interest rates, the entity's share price should

• A.Increase.
• B.Decrease.
• C.Stay constant
• D.Change, but in no obvious direction_

Correct Answer: B

The dividend growth model is used to calculate the price of a share.

Assuming that DI and G remain constant, an increase in Rs resulting from an increase in the nominal interest rate will cause Po to decrease. A higher interest rate raises the required return of investors, which results in a lower share price. An entity has the following three investment projects available:

The entity has a 4O f debt and 60 l equity capital structure. Each monetary unit of investment funds will be raised in these proportions .40 of debt and .60 of equity). The marginal cost of financing increases with the amount of new funds raised, as follows:

These investment opportunities and financing costs are shown in the graph below.

MCC=Marginal cost of capital IOS=Investment opportunity schedule

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Which of me following storage options would give the organization the best chance of recovering data?

• A.Encrypted copies of the data are stored in a separate secure location a few hours away while the encryption keys are stored at the organization and are readily available
• B.Encrypted physical copies of the data are stored separately from their encryption keys and both are held in secure locations a few hours away from me organization
• C.Encrypted reports on usage and database structure changes are stored on a cloud-based. secured database that is readily accessible
• D.Encrypted physical copies of the data and their encryption keys are stored together at the organization and are readily available upon request

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