CFPS Practice Questions

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NEW QUESTION: 1
Your organization has multiple procurement business units. A Qualification manager wants to launch an
initiative for assessment of suppliers. However, the manager is unable to select the qualification model that
he or she defined earlier.
Identify the cause for this behavior.
A. The Qualification manager is not defined as procurement agent.
B. The Qualification manager does not have the "Manage Suppliers" action enabled in procurement agent
definition.
C. The Qualification manager has not selected the correct procurement BU.
D. The qualification model is not yet approved.
Answer: A

NEW QUESTION: 2
A spa wants to increase awareness of its package holiday deals internationally. It has been investing heavily in influencer marketing and social media campaigns. Its most popular influencer recently posted a video about the retreat that received 500,000 likes in the first day. The spa gained more than 3,000 new followers on its Instagram account.
Given the outcome of this organic post, the spa decides to pull their paid social media campaigns because this spend generates only a quarter of the engagement compared to influencer posts.
What advice should the analyst share about measuring success in this way?
A. Engagement metrics such as likes, comments and followers may not translate into incremental business value such as brand equity or sales.
B. The spa should review the number of shares that the original post achieved before pulling spend from paid campaigns.
C. The spa should review the number of new followers at least one month later before pulling spend from paid campaigns.
D. It is always better to diversify spend equally across multiple marketing strategies.
Answer: A

NEW QUESTION: 3
A company creates custom AMI images by launching new Amazon EC2 instances from an AWS CloudFormation template. It installs and configures necessary software through AWS OpsWorks, and takes images of each EC2 instance. The process of installing and configuring software can take between 2 to 3 hours, but at times, the process stalls due to installation errors.
The SysOps Administrator must modify the CloudFormation template so if the process stalls, the entire stack will fail and roll back.
Based on these requirements, what should be added to the template?
A. DependsOn with a timeout set to 4 hours.
B. CreationPolicy with a timeout set to 4 hours.
C. Conditions with a timeout set to 4 hours.
D. Metadata with a timeout set to 4 hours.
Answer: B

NEW QUESTION: 4
During the quarterly review of the internal audit activity's performance, the chief audit executive (CAE) notes that actual engagement hours consistently exceed the budget. Which of the following strategies would most likely help the CAE address this problem?
The budget should consider time spent on similar engagements.
The budget should consider the proficiency of the assigned auditors.
The budget estimate should provide for unexpected delays.
The budget should be specific as to time for each work assignment.
A. 3 and 4 only
B. 1 and 2 only
C. 2 and 3 only
D. 1 and 4 only
Answer: D
Explanation:
Topic 5, Volume E