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NEW QUESTION: 1
What is the process of logging, recording, and resolving events that take place in an organization?
A. Internal Procedure
B. Incident Management Process
C. Security Policy
D. Metrics
Answer: B
Explanation:
Explanation/Reference:
The activities within the incident management process include:
Incident detection and recording
Classification and initial support
Investigation and analysis
Resolution and record
Incident closure
Incident ownership, monitoring, tracking and communication
Establish incident framework management
Evaluation of incident framework management
References: https://en.wikipedia.org/wiki/Incident_management_(ITSM)#Incident_management_procedure

NEW QUESTION: 2
Which statement is true regarding AAIs?
A. Some AAI Items with a common prefix can have a user-defined suffix.
B. All AAI Items must have a corresponding valid Object Account value.
C. All AAI Items are company specific.
D. All AAIs need to be associated with a Business Unit.
E. There can only be two lines of description.
Answer: C

NEW QUESTION: 3
According to the FASB conceptual framework, which of the following situations violates the concept of
reliability?
A. Management reports to stockholders regularly refer to new projects undertaken, but the financial
statements never report project results.
B. Financial statements are issued nine months late.
C. Data on segments having the same expected risks and growth rates are reported to analysts
estimating future profits.
D. Financial statements include property with a carrying amount increased to management's estimate of
market value.
Answer: D
Explanation:
Choice "d" is correct. Management's estimate of market value lacks verifiability, which is a component of
reliability. SFAC 2 para. 89 Choice "a" is incorrect. Communicating data on segments to analysts does not
violate the concept of reliability. Choice "b" is incorrect. Issuing financial statements nine months late
violates timeliness, which is a component of relevance, not reliability. SFAC 2 para. 56 Choice "c" is
incorrect. Neglecting to report results of new projects violates full disclosure, not reliability.

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