C-ARSUM-2404 Practice Questions

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NEW QUESTION: 1
What is the meaning of CCP within the Basel framework?
A. Collateralized Clearing Process
B. Collateralized Counterparty Protection
C. Central Clearing Counterparty
D. Collateralized Credit Protection
Answer: C

NEW QUESTION: 2
The reimbursement arrangement that Dr. Caroline Monroe has with the Exmoor Health Plan includes a typical withhold arrangement. One true statement about this withhold arrangement is that, for a given financial period,
A. Exmoor pays Dr. Monroe at the end of the period an amount over and above her usual reimbursement, and this amount is based on the performance of the plan as a whole
B. Dr. Monroe and Exmoor are equally responsible for making up the difference if cost overruns exceed the amount of money withheld
C. Exmoor most likely distributes to Dr. Monroe the entire amount withheld from her if her costs are below the amount budgeted for the period
D. Exmoor most likely withholds between 3% and 5% of Dr. Monroe's total reimbursement
Answer: C

NEW QUESTION: 3
In most organizations, access to the computer or the network is granted only after the user has entered a correct username and password. This process consists of 3 steps: identification, authentication and authorization. What is the purpose of the second step, authentication?
A. In the second step, you make your identity known, which means you are given access to the system.
B. During the authentication step, the system gives you the rights that you need, such as being able to read the data in the system.
C. The authentication step checks the username against a list of users who have access to the system.
D. The system determines whether access may be granted by determining whether the token used is authentic.
Answer: D

NEW QUESTION: 4
An Organization as a Whole must:
I. Provide an environment in which an Escalation Policy can be effective II. Commit itself to actual enforcement of corporate governance policies III. Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization IV. Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance
A. I, II and IV only
B. All of these are expectations of the Organization as a Whole
C. I, III and IV only
D. I, II and III only
Answer: B