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NEW QUESTION: 1
If the yield curve is upward sloping, a bank would not profit from:
A. paying a higher rate on deposits than the market
B. increasing the banks leverage
C. borrowing long and lending short
D. borrowing short and lending long
Answer: C
NEW QUESTION: 2
A Dell EMC NetWorker administrator wants to start all NetWorker processes on a Linux server.
Which command should be run?
A. /sbin/init.d/gst start
B. /etc/rc2.d/gst start
C. /sbin/int.d/networker start
D. /etc/init.d/networker start
Answer: D
Explanation:
References:
NEW QUESTION: 3
Which of the following is used to indicate a column will not accept NULL values and can be referenced in another table's foreign key specification?
A. Unique constraint
B. Check constraint
C. Default constraint
D. Informational constraint
Answer: A
NEW QUESTION: 4
Which of the following statements is correct concerning an auditor's responsibilities regarding financial
statements?
A. An auditor may not draft an entity's financial statements based on information from management's
accounting system.
B. Making suggestions that are adopted about an entity's internal control environment impairs an auditor's
independence.
C. An auditor's responsibilities for audited financial statements are confined to the expression of the
auditor's opinion.
D. The adoption of sound accounting policies is an implicit part of an auditor's responsibilities.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. An auditor's responsibility is to express an opinion on financial statements based on
an audit.
Choice "A" is incorrect. An auditor may draft an entity's financial statements based on information from
management's financial system. This would be referred to as a compilation engagement.
Choice "B" is incorrect. The adoption of sound accounting policies is an implicit part of management's
responsibilities, not the auditor's responsibilities.
Choice "D" is incorrect. An auditor often makes suggestions that are adopted about an entity's internal
control environment.