WGU Financial-Management Q&A - in .pdf

  • Financial-Management pdf
  • Exam Code: Financial-Management
  • Exam Name: WGU Financial Management VBC1
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1

A. Option A
B. Option D
C. Option C
D. Option E
E. Option B
Answer: A,B

NEW QUESTION: 2
Which of the following describes the slope of a normal supply curve?
A. Downwards from left to right.
B. Upwards from right to left.
C. Upwards from left to right.
D. Downwards from right to left.
Answer: A

NEW QUESTION: 3
Which Security and Audit Framework has been adopted by some organizations working towards Sarbanes-Oxley Section 404 compliance?
A. CCTA Risk Analysis and Management Method (CRAMM)
B. BIBA
C. National Institute of Standards and Technology Special Publication 800-66 (NIST SP
800-66)
D. Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Answer: D
Explanation:
From the official Guide, third edition:
"The Committee of Sponsoring Organizations of the Treadway Commission (COSO) was formed in 1985 to sponsor the National Commission on Fraudulent Financial Reporting, which studied factors that lead to fraudulent financial reporting and produced recommendations for public companies, their auditors, the Securities Exchange
Commission, and other regulators. COSO identifies five areas of internal control necessary to meet the financial reporting and disclosure objectives. These include (1) control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring. The COSO internal control model has been adopted as a framework by some organizations working toward Sarbanes-Oxley Section 404 compliance."
The following answers are incorrect:
Biba is a security model.
National Institute of Standards and Technology Special Publication 800-66 (NIST SP 800-
66) and CCTA Risk Analysis and Management Method (CRAMM) are both Risk
Assessment Methodologies. NIST SP 800-66 was written specifically with HIPAA clients in mind.
The following reference(s) were/was used to create this question:
Tipton, Harold F. & Steven Hernandez. Official (ISC)2 Guide to the CISSP CBK, Third
Edition ((ISC)2 Press) Chapter 3, Information Security Governance and Risk Management,
Page 514-515

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