An organization has decided to allow its managers to use their own smart phones at work. With this change, which of the following is most important to Include In the IT department's comprehensive policies and procedures?

• A.Required sign-off on conflict of interest statement.
• B.Required documentation of process for discontinuing use of the devices
• C.Required removal of personal pictures and contacts.
• D.Required documentation of expiration of contract with service provider.

Comment: *

Name: *

Email: *

Verification: *

In a <List A> personal tax system, an individual's marginal tax rate is normally <List B> the average tax rate.

• A.Option A
• B.Option B
• C.Option C
• D.Option D

Comment: *

Name: *

Email: *

Verification: *

For the past several years, Company S has invested in the ordinary stock of Company A.
Company S currently owns approximately 13% of the total of Company A's outstanding voting ordinary stock. Recently, management of the two companies have discussed a possible combination of the N.ro entities. If they do decide to combine, how should the resulting combination be accounted for?

• A.Uniting of interests
• B.Acquisition.
• C.Part purchase part uniting of interests.
• D.Joint venture

Comment: *

Name: *

Email: *

Verification: *

Which type of risks assumed by management are often drivers of organizational activities?

• A.Opportunity risks
• B.Inherent risks.
• C.General project management risks.
• D.Control risks.

Comment: *

Name: *

Email: *

Verification: *

What is RST's acid-test or quick ratio at the end of Year 6?

• A.2.40 to 1
• B.2.18 to 1
• C.2.00 to 1
• D.1.50 to 1

Correct Answer: C

Liquidity ratios measure the ability to meet short-term obligations. A commonly used liquidity ratio is the acid-test or quick ratio, which equals the sum of the quick assets net accounts receivable, financial assets held for trading. and cash) divided by current liabilities. This ratio at the end of Year 1 is 2.0 [(US $5,000 + $3,000 + $16,000) -$12,000]. RST Corporation's Income Statement for Year 5 and Year 6

Comment: *

Name: *

Email: *

Verification: *