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  • Exam Number/Code : IT-Risk-Fundamentals
  • Exam Name : IT Risk Fundamentals Certificate Exam
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1
Refer to the exhibit.

A. Fabex Ltd. manufactures a household detergent called "Clear". The standard data for one of the chemicals used in production (chemical XTC) is as follows:
(a) 50 litres used per 100 litres of 'Clear' produced
(b) Budgeted monthly production is 1000 litres of 'Clear'.
The closing inventory of chemical XTC for November valued at standard price was as follows:
Actual results for the period during December were as follows:
(a) 500 litres of chemical XTC was purchased for £1300.
(b) 550 litres of chemical XTC was used.
(c) 900 litres of 'Clear' was produced.
It is company policy to extract the material price variance at the time of purchase.
What is the total direct material usage variance (to the nearest whole number)?
B. £250 favourable
C. £260 favourable
D. £260 adverse
E. £250 adverse
Answer: A

NEW QUESTION: 2
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section. You will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You have a database that includes the tables shown in the exhibit (Click the Exhibit button.)

You need to create a Transact-SQL query that returns the following information:
the customer number

the customer contact name

the date the order was placed, with a name of DateofOrder

a column named Salesperson, formatted with the employee first name, a space, and the employee last

name
orders for customers where the employee identifier equals 4

The output must be sorted by order date, with the newest orders first.
The solution must return only the most recent order for each customer.
Solution: You run the following Transact-SQL statement:

Does the solution meet the goal?
A. Yes
B. No
Answer: B
Explanation:
Explanation/Reference:
Explanation:
We cannot use the column alias Salesperson in the GROUP BY clause, since in Oracle and SQL Server, you cannot use a term in the GROUP BY clause that you define in the SELECT clause because the GROUP BY is executed before the SELECT clause.
References: https://stackoverflow.com/questions/3841295/sql-using-alias-in-group-by/3841804

NEW QUESTION: 3
Which of the following statement(s) is /are true about financial risk?

A. All of the above
B. II and III
C. I and III
D. I and II
Answer: A

 

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