- (Exam Topic 2)
Which of the following should be included m a company's year-end inventory valuation?

1. A. Company goods that were sold during the year free on board shipping point that have been shipped but not yet received by the customer
2. B. Goods purchased by the company free on board destination mat have not yet been received
3. C. Goods on consignment, which the company is trying to sell for its customers
4. D. Company goods tor sale on consignment at a consignment shop

Correct Answer: A

- (Exam Topic 1)
Which of the following costs would be incurred in an inventory stockout?

1. A. Lost sales, lost customers, and backorder.
2. B. Lost sales, safety stock, and backorder.
3. C. Lost customers, safety stock, and backorder.
4. D. Lost sales, lost customers, and safety stock.

Correct Answer: A

- (Exam Topic 2)
According to MA guidance on IT. which of the following controls the routing of data packets to link computers?

1. A. Operating system.
2. B. Control environment.
3. C. Network.
4. D. Application program code.

Correct Answer: C

- (Exam Topic 1)
In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?

1. A. Identifying the processes at the activity level.
2. B. Analyzing the organization's strategic plan where the business processes are defined.
3. C. Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.
4. D. Identifying the risks affecting the organization, the objectives, and then the processes concerned.

Correct Answer: C

- (Exam Topic 1)
An organization is considering mirroring the customer data for one regional center at another center. A disadvantage of such an arrangement would be:

1. A. Lack of awareness of the state of processing.
2. B. Increased cost and complexity of network traffic.
3. C. Interference of the mirrored data with the original source data.
4. D. Confusion about where customer data are stored.

Correct Answer: B