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NEW QUESTION: 1
AB and EF are located in the same country and prepare their financial statements to 31 October in accordance with International Accounting Standards. EF supplies AB with a component that is vital to AB's product range. AB is considering acquiring a controlling interest in EF by 31 December 20X4 in order to guarantee future supply. The Board of EF has indicated that such an approach would be postively considered. AB would use its control to make AB the sole customer of EF.
The Finance Director of AB has been granted access to EF's management accounts and has conducted some initial analysis from the financial press. The results togther with comparisons for AB for the year to
31 October 20X4 are presented below:
AB and EF are forecasting revenues of S1,500,000 and $700,000 respectively for the year ended 31 October 20X5.
AB's Finance Director met with one of the directors of EF to discuss the potential impact of the acquisition.
Which of the director's statements below is correct?
A. The P/E ratio of EF will increase to 12 after acquisition in line with that of AB.
B. The gross profit margin of EF will increase if AB's bargaining power is used to negotiate lower material costs for the whole group.
C. Dividend yield for both entities will be identical after the acquisition.
D. Redundancy costs arising from reorganisation following acquisition will be provided for by charging EF's profit for the year ended 31 October 20X4.
Answer: B
NEW QUESTION: 2
Which access control type has a central authority that determine to what objects the subjects have access to and it is based on role or on the organizational security policy?
A. Mandatory Access Control
B. Non-Discretionary Access Control
C. Rule-based Access control
D. Discretionary Access Control
Answer: B
Explanation:
Non Discretionary Access Control include Role Based Access Control
(RBAC) and Rule Based Access Control (RBAC or RuBAC). RABC being a subset of
NDAC, it was easy to eliminate RBAC as it was covered under NDAC already.
Some people think that RBAC is synonymous with NDAC but RuBAC would also fall into this category.
Discretionary Access control is for environment with very low level of security. There is no control on the dissemination of the information. A user who has access to a file can copy the file or further share it with other users.
Rule Based Access Control is when you have ONE set of rules applied uniformly to all users. A good example would be a firewall at the edge of your network. A single rule based is applied against any packets received from the internet.
Mandatory Access Control is a very rigid type of access control. The subject must dominate the object and the subject must have a Need To Know to access the information. Objects have labels that indicate the sensitivity (classification) and there is also categories to enforce the Need To Know (NTK).
Source: KRUTZ, Ronald L. & VINES, Russel D., The CISSP Prep Guide: Mastering the
Ten Domains of Computer Security, 2001, John Wiley & Sons, Page 33
NEW QUESTION: 3
Over the past 3 years XYZ Company has expanded into multiple countries and significantly grown its banking relationships. The company now incurs significant expenses related to payment transaction costs and maintaining multiple bank connections. What should the company use to combat these rising costs?
A. Treasury workstation
B. SWIFT network
C. CHIPS network
D. ACH network
Answer: B
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