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NEW QUESTION: 1
Which type of facility is enabled by a contract with an alternative data processing facility which will provide HVAC, power and communications infrastructure as well computing hardware and a duplication of organisations existing "live" data?
A. Warm site.
B. Spare site
C. Hot site.
D. Cold site.
Answer: D

NEW QUESTION: 2
With regard to the rote of the audit committee which of the following statements are correct? Select ALL that apply
A. The audit committee should decide annually whether it needs an internal audit function
B. The audit committee should design the system of internal controls
C. The audit committee should engage consultants to carry out business reviews
D. The audit committee should review and monitor the effectiveness of the company's internal audit function
E. The audit committee should provide arrangements for whistle blowing
F. The audit committee should decide annually whether it needs an external audit function
Answer: C,D,E

NEW QUESTION: 3
In a period of rising prices, the inventory method that gives the lowest possible value for ending inventory is:
A. gross profit
B. weighted average
C. LIFO
D. FIFO
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The ending inventory under LIFO is priced at the earliest, and thus the lowest prices (in a period of rising prices) than any of the other methods.