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NEW QUESTION: 1
You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories. You discover that the risk categories have not been created. When should the risk categories have been created?
A. Risk identification process
B. Define scope process
C. Plan risk management process
D. Create work breakdown structure process
Answer: C

NEW QUESTION: 2
Zi Wang is a senior buy-side equity analyst with Shandong Securities. Wang must review the work of several of his junior colleagues before investment recommendations go to the Shandong portfolio managers. One recommendation from a junior analyst is given in Exhibit 1.

This same junior analyst e-mailed Wang, saying "I'm in a meeting and hate to bother you. I don't have my calculator or computer with me. We have a British stock with a current £4.00 dividend that is expected to grow at 40% per year for two years and then forever after at 6%, If we assume a required return of 12%, what is the value of this stock?" in a few minutes, Wrang e-mails him back: "The British stock is worth £110.42" The junior analyst sends back a second e-mail. "Thanks. If we can buy this stock for £90, what rate of return would we get? Assume the same dividend pattern as in my first e-mail." Wang replies to the second e-mail: "I used trial and error and found an expected rate of return for the British stock of 12%." One of Shandong's portfolio managers asks Wang to clarify the PVGO (present value of growth opportunities) concept for him. Wang tells him, "PVGO is the part of a stock's total value that comes from future growth opportunities. PVGO is conventionally estimated as the market value per share minus the book value per share." The Shandong portfolio manager quickly follows up with two more requests. He says, "I need a couple of favors. First, could you describe the sustainable growth rate concept for us? We've been arguing about it among ourselves. And, second, could you review some highlighted phrases from a research report we received from one of our investment bankers? We aren't sure that the analyst who wrote this report is very competent." The highlighted phrases are:
Phrase 1: When calculating the justified P/E ratios based on a constant growth model like the Gordon model, the forward P/E should be greater than the trailing P/E.
Phrase 2: A free cash flow approach might be preferable when the company's cash flows differ substantially from dividends or the investor takes a control perspective.
Phrase 3: When the required rate of return increases, the value of a share of stock should decrease even if the stock's dividend has a negative growth rate.
Is Wang's estimate of the British stock price correct?
A. No. The value is £86.90.
B. Yes.
C. No. The value is £121.67.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The values of the next three dividends ate
= 4.00(1.40) = 5.60
= 4.00(1.40 = 7.84
= 4.00(1.40 (l.06) = 8.3104
The terminal value of the stock (at the beginning of the final constant growth phase) is:

NEW QUESTION: 3
Which of the following attack involves slicing small amount of money from a computerize transaction or account?
A. Eavesdropping
B. Traffic Analysis
C. Masquerading
D. Salami
Answer: D
Explanation:
Explanation/Reference:
Salami slicing or Salami attack refers to a series of many small actions, often performed by clandestine means, that as an accumulated whole produces a much larger action or result that would be difficult or unlawful to perform all at once. The term is typically used pejoratively. Although salami slicing is often used to carry out illegal activities, it is only a strategy for gaining an advantage over time by accumulating it in small increments, so it can be used in perfectly legal ways as well.
An example of salami slicing, also known as penny shaving, is the fraudulent practice of stealing money repeatedly in extremely small quantities, usually by taking advantage of rounding to the nearest cent (or other monetary unit) in financial transactions. It would be done by always rounding down, and putting the fractions of a cent into another account. The idea is to make the change small enough that any single transaction will go undetected.
In information security, a salami attack is a series of minor attacks that together results in a larger attack.
Computers are ideally suited to automating this type of attack.
The following answers are incorrect:
Eavesdropping - is the act of secretly listening to the private conversation of others without their consent, as defined by Black's Law Dictionary. This is commonly thought to be unethical and there is an old adage that "eavesdroppers seldom hear anything good of themselves...eavesdroppers always try to listen to matters that concern them." Traffic analysis - is the process of intercepting and examining messages in order to deduce information from patterns in communication. It can be performed even when the messages are encrypted and cannot be decrypted. In general, the greater the number of messages observed, or even intercepted and stored, the more can be inferred from the traffic. Traffic analysis can be performed in the context of military intelligence, counter-intelligence, or pattern-of-life analysis, and is a concern in computer security.
Masquerading - A masquerade attack is an attack that uses a fake identity, such as a network identity, to gain unauthorized access to personal computer information through legitimate access identification. If an authorization process is not fully protected, it can become extremely vulnerable to a masquerade attack.
Masquerade attacks can be perpetrated using stolen passwords and logons, by locating gaps in programs, or by finding a way around the authentication process. The attack can be triggered either by someone within the organization or by an outsider if the organization is connected to a public network. The amount of access masquerade attackers get depends on the level of authorization they've managed to attain. As such, masquerade attackers can have a full smorgasbord of cybercrime opportunities if they've gained the highest access authority to a business organization. Personal attacks, although less common, can also be harmful.
The following reference(s) were/was used to create this question:
http://searchfinancialsecurity.techtarget.com/definition/eavesdropping
http://en.wikipedia.org/wiki/Salami_slicing
http://en.wikipedia.org/wiki/Eavesdropping
http://en.wikipedia.org/wiki/Traffic_analysis
http://www.techopedia.com/definition/4020/masquerade-attack

NEW QUESTION: 4

A. Option C
B. Option D
C. Option E
D. Option B
E. Option A
Answer: A,D