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NEW QUESTION: 1
Your organization has a custom entity that contains 25 records.
A specific group of users needs access to the records.
You need to ensure that only specified users can access the records and that you can manage access from one place.
What should you do?
A. Modify an existing security role that is common to the users. Grant the role access to the custom entity.
B. Ask the owner of the custom entity records to grant specific users read and write access to the records.
C. Add the users to access teams. Grant the teams read and write access for each of the custom entity records.
D. Create an owner team that includes the users. Assign the team a new security role which can access only the custom entity.
Answer: A

NEW QUESTION: 2
Adam works as a Security Administrator for Umbrella Inc. A project has been assigned to him to test the network security of the company. He created a webpage to discuss the progress of the tests with employees who were interested in following the test. Visitors were allowed to click on a company's icon to mark the progress of the test. Adam successfully embeds a keylogger. He also added some statistics on the webpage. The firewall protects the network well and allows strict Internet access.
How was security compromised and how did the firewall respond?
A. The attack was Cross Site Scripting and the firewall blocked it.
B. The attack was social engineering and the firewall did not detect it.
C. Security was compromised as keylogger is invisible for firewall.
D. Security was not compromised as the webpage was hosted internally.
Answer: B

NEW QUESTION: 3
Which of the following statements should be included in an accountant's standard report based on the
compilation of a nonissuer's financial statements?
A. A compilation is substantially less in scope than an audit in accordance with generally accepted
auditing standards.
B. A compilation is limited to presenting in the form of financial statements information that is the
representation of management.
C. A compilation is not designed to detect material modifications that should be made to the financial
statements.
D. A compilation consists principally of inquiries of company personnel and analytical procedures applied
to financial data.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. The accountant's compilation report should state that a compilation is limited to
presenting in the form of financial statements information that is the representation of management.
Choice "A" is incorrect. A review (not a compilation) consists principally of inquiries of management and
analytical procedures applied to financial data.
Choice "C" is incorrect. While a compilation is not designed to detect material misstatements in the
financial statements, no mention of this limitation is made in the compilation report.
Choice "D" is incorrect. The review report states that a review is substantially less in scope than an audit in
accordance with GAAS.

NEW QUESTION: 4
A firm considering entry into a fragmented industry may be able to eliminate the factors preventing concentration in which ways?
I. Recognizing that the industry is "stuck" for noneconomic reasons.
II. Adding value to products that cannot be significantly differentiated.
III. Specialization by customer type.
IV. Acquisitions of local firms.
A. I and IV only.
B. I, II, Ill, and IV.
C. II, III, and IV only.
D. I and II only.
Answer: A
Explanation:
Overcoming fragmentation has significant strategic payoffs given that entry is not costly and competitors are weak. If the factor(s) preventing consolidation can be eliminated, industry structure will change. For example, industries may be "stuck" in a fragmented state for reasons other than underlying economic factors. Firms in the industry lack the resources, skills, awareness, or ambition to make the strategic moves needed for consolidation. Outside firms do not recognize the opportunity offered by an industry stuck" in a fragmented state, for example, because it is new, small, or obscure. Also, acquisitions may enable a firm to expand when competing with local firms is difficult because of their contacts or image. However, adding value to products that cannot be significantly differentiated and specialization by customer type are methods of coping with, not overcoming, fragmentation.

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