CIS-CSM Practice Questions

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NEW QUESTION: 1
Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?
A. Residual income.
B. A contribution margin income statement by segment.
C. Variance analysis.
D. A flexible budget.
Answer: A

NEW QUESTION: 2
The market is quoting:
6-month (182-day) CAD 1.25%
12-month (366-day) CAD 1.55%
What is the 6x12 rate in CAD?
A. 1.835%
B. 0.300%
C. 0.946%
D. 1.935%
Answer: A

NEW QUESTION: 3
In the GFS backup tape rotation plan, how often is the Grandfather backup performed?
A. quarterly
B. monthly
C. daily
D. weekly
Answer: B