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NEW QUESTION: 1
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
NEW QUESTION: 2
Which of the following steps should be performed FIRST in the risk assessment process?
A. Staff interviews
B. Determination of the likelihood of identified risks
C. Asset identification and valuation
D. Threat identification
Answer: C
Explanation:
Explanation
The first step in the risk assessment methodology is a system characterization, or identification and valuation, of all of the enterprise's assets to define the boundaries of the assessment. Interviewing is a valuable tool to determine qualitative information about an organization's objectives and tolerance for risk. Interviews are used in subsequent steps. Identification of threats comes later in the process and should not be performed prior to an inventory since many possible threats will not be applicable if there is no asset at risk. Determination of likelihood comes later in the risk assessment process.
NEW QUESTION: 3
The public offering price of the securities of an open-end management investment company is:
A. based upon net asset value of the securities underlying the shares of the issuer plus a 10 % sales
charge
B. determined by a method set forth in the prospectus of the issuer
C. determined by the relative demand for the shares of the issuer
D. the price used by distributors in determining sales incentive discounts to individual purchasers
Answer: B
Explanation:
determined by a method set forth in the prospectus of the issuer. The method is described in
the prospectus. It uses the net asset value plus any sales charge
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