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NEW QUESTION: 1
Which of the following internal controls most likely would be used to maintain accurate inventory records?
A. A just-in-time inventory ordering system keeps inventory levels to a desired minimum.
B. Requisitions, receiving reports, and purchase orders are independently matched before payment is
approved.
C. Periodic inventory counts are used to adjust the perpetual inventory records.
D. Perpetual inventory records are periodically compared with the current cost of individual inventory
items.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. In order to maintain accurate perpetual inventory records, periodic inventory counts
should be used to adjust perpetual records.
Choice "A" is incorrect. By comparing perpetual inventory records to current costs, the company ensures
that the inventory is appropriately valued at the lower of cost or market, but the accuracy of the perpetual
inventory is not assured.
Choice "B" is incorrect. While a just-in-time inventory system will usually reduce the amount of inventory on
hand, it does not necessarily improve the accuracy of inventory records.
Choice "C" is incorrect. The matching of requisitions, receiving reports, and purchase orders is a control to
ensure that purchases of inventory are properly authorized, but it does not necessarily improve the
accuracy of inventory records.

NEW QUESTION: 2
One of the host's HBAs has experienced a registered state change notification (RSCN), and was required to log in to the fabric again. However, the application experienced only minimal impact to performance.
Why?
A. SAN B remained unchanged
B. Both HBAs are in the zone
C. Fabric login has no impact
D. Single initiator zoning
Answer: D

NEW QUESTION: 3
An American-style option is:
A. An option which can be exercised only on its expiry date
B. An option which can be exercised at any time between the purchase and expiration date
C. An option traded in USD
D. An option based on any US dollar instrument
Answer: B

NEW QUESTION: 4
Which type of object is a Notify User object, in the VPN?
A. Track
B. Action
C. Destination
D. Source
Answer: B