CFPS Practice Questions

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NEW QUESTION: 1
According to Kubler-Ross's 5 Stages of Grief, the last stage is:
A. Anger
B. Denial
C. Depression
D. Acceptance
Answer: D
Explanation:
Explanation: According to Kubler-Ross's 5 Stages of Grief, the last stage is acceptance. Grief is a very genuine response to any ethernal loss. Every person deals with grief in different way. Elisabeth Kubler- Ross identified 5 stages of grief in which can apply to both patients and family members. A person must not have to pass through each and all stages but usually goes through 2 of the 5 stages: The final stage of Kubler-Ross's 5 Stages of Grief is Acceptance.

NEW QUESTION: 2
A small business owner is setting up their wireless network in their office, which is in a building shared with several other businesses. The owner does not want to disable the SSID broadcasting due to visiting customers needing to use the network, but does not want other businesses to notice the network, let alone access it. Which of the following would BEST accomplish this?
A. Adjust the radio power so that coverage is restricted to the business.
B. Change the SSID to reflect the business name instead of a public access point.
C. Configure the access point encryption from unsecured access to WEP.
D. Enable MAC filtering and restrict access to other company's devices.
Answer: A
Explanation:
Best way to do this is to adjust radio power to restrict the coverage to the business. When the radio power is restricted to an office. The persons in the other office space cannot detect the signals at all.

NEW QUESTION: 3
A transaction that is unusual in nature and infrequent in occurrence should be reported separately as a
component of income:
A. After cumulative effect of accounting changes and before discontinued operations of a segment of a
business.
B. After discontinued operations of a segment of a business.
C. Before cumulative effect of accounting changes and before discontinued operations of a segment of a
business.
D. After cumulative effect of accounting changes and after discontinued operations of a segment of a
business.
Answer: B
Explanation:
Choice "d" is correct. An extraordinary item (a transaction that is both "unusual in nature" and "infrequent
in occurrence") should be reported separately as a component of income after discontinued operations of
a segment of a business.
The cumulative effect of a change in accounting principle is shown on the retained earnings statement.
This is why memorizing the mnemonic "idea" is so important.