CII M92 Q&A - in .pdf

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  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
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NEW QUESTION: 1
Which of the following is INCORRECT in relation to the UK Corporate Governance Code?
A. No director should be involved in deciding his or her own remuneration.
B. There should be a clear division of responsibilities between the Chairman and the Chief Executive.
C. The board should be made up of a majority of non-executive directors.
D. All UK companies quoted on the London Stock Exchange have to include a statement of how the company has complied with the main principles set out in the Code.
Answer: C

NEW QUESTION: 2
Joe is the accounts payable agent for ABC Company. Joe has been performing accounts payable function for the ABC Company without any supervision. Management has noticed several new accounts without billing invoices that were paid. Which of the following is the BEST management option for review of the new accounts?
A. Job rotation
B. Mandatory vacation
C. Separation of duties
D. Replacement
Answer: B
Explanation:
A mandatory vacation policy requires all users to take time away from work to refresh. Mandatory vacation give the employee a chance to refresh, but it also gives the company a chance to make sure that others can fill in any gaps in skills and satisfies the need to have replication or duplication at all levels. Mandatory vacations also provide an opportunity to discover fraud. In this case mandatory vacations can allow the company to review all the new accounts.

NEW QUESTION: 3
After the implementation of several different types of switches from different vendors, a network engineer notices that directly connected devices that use Cisco Discovery Protocol are not visible. Which vendor-neutral protocol could be used to resolve this issue?
A. Local Area Mobility
B. Directed Response Protocol
C. NetFlow
D. Link Layer Discovery Protocol
Answer: D

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