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GAQM Certifications > ISO22CLA exam dumps | VCE Practice Test Questions 2020

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NEW QUESTION: 1
A risk assessment should be conducted:
A. annually or whenever there is a significant change.
B. every three to six months for critical business processes.
C. once a year for each business process and subprocess.
D. by external parties to maintain objectivity.
Answer: A
Explanation:
Explanation
Risks are constantly changing. Choice D offers the best alternative because it takes into consideration a reasonable time frame and allows flexibility to address significant change. Conducting a risk assessment once a year is insufficient if important changes take place. Conducting a risk assessment every three-to-six months for critical processes may not be necessary, or it may not address important changes in a timely manner. It is not necessary for assessments to be performed by external parties.

NEW QUESTION: 2
An analyst has gathered the following information about a firm: Quick ratio of .25, Cash ratio of .20, $2 million in marketable securities, $10 million in cash. What is their receivables balance?
A. $5 million.
B. $3 million.
C. $1 million.
Answer: B
Explanation:
Cash ratio = (cash + marketable securities)/current liabilities .20 = ($10,000,000 +
$ 2,000,000)/current liabilities current liabilities = $12,000,000/.2 = $60,000,000 Quick ratio = [cash + marketable securities receivables]/$60,000,000 .25 [$10,000,000 $2,000,000 + + = + receivables]/$60,000,000 ($60,000,000)(.25) = $12,000,000 + receivables $15,000,000 = $12,000,000 + receivables $15,000,000 - $12,000,000 = receivables $3,000,000 = receivables




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ISO22CLA Questions and Answers

ISO22CLA Exam Format | Course Contents | Course Outline | Exam Syllabus | Exam Objectives