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CIPS L3M3 Practice Exam FAQs.
NEW QUESTION: 1
A customer has a legacy application with a large amount of data. The files accessed by the application are
approximately 10 GB each, but are rarely accessed. However, when files are accessed, they are retrieved
sequentially. The customer is migrating the application to AWS and would like to use Amazon EC2 and
Amazon EBS.
What is the LEAST expensive EBS volume type for this use case?
A. General Purpose SSD (gp2)
B. Throughput Optimized HDD (st1)
C. Cold HDD (sc1)
D. Provisioned IOPS SSD (io1)
Answer: C
NEW QUESTION: 2
Which of the following IP header fields contains information that indicates whether routers are allowed to fragment a packet?
A. Flags.
B. Fragmentation offset.
C. Identification.
D. Header checksum.
Answer: A
NEW QUESTION: 3
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?
A. Create an adjustment journal entry.
B. Set up automatic Journal line reversal.
C. Set up multiperiod accounting journal lines.
D. Set up a transaction line reversal.
Answer: C
L3M3 FAQ
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L3M3 Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the L3M3 Exam.
L3M3 Exam Topics
Review the L3M3 especially if you are on a recertification. Make sure you are still on the same page with what CIPS wants from you.
L3M3 Offcial Page
Review the official page for the L3M3 Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the L3M3 Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.