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NEW QUESTION: 1
According to the American institute of Certified Public Accountants (AICPA), the term financial statement refers to:
A. "A presentation
of financial data,
including
accompanying notes, derived
from accounting records and intended to communicate any entity's financial resources or obligations at a point in time or the changes therein for a period of time in reality with a brief basis of accounting."
B. "A presentation
of financial data,
including
accompanying notes, derived
from accounting records and intended to communicate any entity's economic resources or obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting."
C. "A presentation of financial
data, including accompanying notes, derived from accounting records and obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting."
D. "A presentation of internal accounting data, derived from accounting records and intended to communicate any entity's economic resources or obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting."
Answer: B

NEW QUESTION: 2
A new Contract template has been assigned an incorrect Allocation Type.
You need to ensure that the correct Allocation Type is assigned to the template.
Which action will achieve the goal?
A. Unpublish the template and then make the required changes.
B. Create a new Contract template that uses the correct Allocation Type.
C. Use the Copy Template menu item to create a new Contract template. Edit the new template to use the correct Allocation Type. Delete the original template.
D. Deactivate the Contract template and then create a new Contract template that uses the correct Allocation Type.
Answer: B

NEW QUESTION: 3
Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether.
What is a pure risk?
A. It is a risk event that is generated due to errors or omission in the project work.
B. It is a risk event that only has a negative side, such as loss of life or limb.
C. It is a risk event that cannot be avoided because of the order of the work.
D. It is a risk event that is created by a risk response.
Answer: B

NEW QUESTION: 4
What is the Recovery Point Objective (RPO) of a system?
A. the time period that can elapse before normal operation must be restored
B. a formal contract detailing the critical systems to be restored
C. the complete collection of data that must be restored
D. the point in time to which the application state must be restored
Answer: A

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