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NEW QUESTION: 1
Which of the following is the MOST important reason to revisit a previously accepted risk?
A. To ensure controls are still operating effectively
B. To ensure risk levels have not changed
C. To review the risk acceptance with new stakeholders
D. To update risk ownership
Answer: B
NEW QUESTION: 2
A revenue bond is issued by a state agency. The state legislature is granted authority to apportion money to support the debt services if necessary, but is not legally obligated to do so.
What type of bond is this?
A. double-barreled
B. Series 8
C. limited tax
D. moral obligation
Answer: D
Explanation:
Explanation/Reference:
Explanation: moral obligation. The lack of a legally binding obligation removes the issue from the general obligation category. Although defaults are possible, it is usually held that no state legislature would allow a moral obligation issue to default.
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C. The text type must be included in the relevant form.
D. The text type must be flagged as relevant for printing.
Answer: C
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