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CMA-Financial-Planning-Performance-and-Analytics Simulation Que

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    NEW QUESTION 27
    If a company s disaster recovery planning includes the use of a cold site the company will

    • A. restore its IT function after equipment is made ready at a site with prewired IT access
    • B. restart its IT operations using the real-time mirroring performed at the cold site
    • C. relaunch its major business processes from a site with preinstalled equipment
    • D. resume Its business processes immediately at a remote site with no preinstalled equipment

    Answer: A

     

    NEW QUESTION 28
    Lewis Farms inc, is a large grower of vegetables in Northern California. During a year in which there is no drought the firm earns S3 million from its produce In a year with a partial drought, earnings are $1 million and if there is a severe drought, the firm has zero earnings Based on many years of weather data, in 50% of the years there was no drought in 30% of the years there was a partial drought, and a severe drought occurred 20% of the time. Lewis Farms has an opportunity to purchase an insurance policy that would pay Lewis $2 million in the event of a severe drought $1 million in the case of a partial drought, and nothing in the event there is no drought ignoring taxes, the maximum premium that Lewis would be willing to pay for the policy is

    • A. $1, 200, 000.
    • B. $700,000.
    • C. $500,000.
    • D. $1, 500, 000.

    Answer: C

     

    NEW QUESTION 29
    Which one of the following activities is not a pan of the data mining process?

    • A. Generating recommendations based on insights derived from large databases
    • B. Applying statistical techniques to derive information from large sets of data
    • C. Creating valid and useful information from large data sets using statistical methods
    • D. Using artificial intelligence to identify patterns in large data sets

    Answer: A

     

    NEW QUESTION 30
    Which one of the following statements best describes data governance?

    • A. The convergence of accounting data, finance data and information technology
    • B. Performance of data-based audits on a continuous basis
    • C. The union of data quality, data management, data policies, and risk management
    • D. A process of securing all company data points, both structured and unstructured

    Answer: C

     

    NEW QUESTION 31
    ......