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NEW QUESTION: 1
Which of the following conditions must be satisfied for a stable dividend policy to result from the Residual Dividend Policy?
I. The earnings of a firm must be stable.
II. Investor preference for dividends must be stable.
III. The investment opportunities available to the firm must be stable.
IV. There should be no signaling effects involved.
A. III only
B. I, III & IV
C. I & III
D. I & II
E. I only
F. III & IV
G. II only
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Under the Residual Dividend Policy, a firm first determines the amount of capital it requires for sufficiently profitable projects. It then uses retained earnings to supply equity capital and raises debt in the proper amount to maintain the target capital structure. If any earnings are left over after this, they are paid out as dividends. If not, the firm will not only not pay any dividends but also issues new equity for financing. Thus, for this to lead to stable dividends, one must have stability in earnings and available investment opportunities. Note that for positive dividends, earnings must exceed capital requirements under the Residual Dividend Policy.
NEW QUESTION: 2
Which of the following would be true about Static password tokens?
A. The owner will authenticate himself to the system.
B. The token does not authenticates the token owner but the system.
C. The owner will never be authenticated by the token.
D. The owner identity is authenticated by the token
Answer: D
Explanation:
Password Tokens Tokens are electronic devices or cards that supply a user's password for them. A token system can be used to supply either a static or a dynamic password. There is a big difference between the static and dynamic systems, a static system will normally log a user in but a dynamic system the user will often have to log themselves in.
Static Password Tokens: The owner identity is authenticated by the token. This is done by the person who issues the token to the owner (normally the employer). The owner of the token is now authenticated by "something you have". The token authenticates the identity of the owner to the information system. An example of this occurring is when an employee swipes his or her smart card over an electronic lock to gain access to a store room.
Synchronous Dynamic Password Tokens:
This system is a lot more complex then the static token password. The synchronous
dynamic password tokens generate new passwords at certain time intervals that are
synched with the main system. The password is generated on a small device similar to a
pager or a calculator that can often be attached to the user's key ring. Each password is
only valid for a certain time period, typing in the wrong password in the wrong time period
will invalidate the authentication. The time factor can also be the systems downfall. If a
clock on the system or the password token device becomes out of synch, a user can have
troubles authenticating themselves to the system.
Asynchronous Dynamic Password Tokens:
The clock synching problem is eliminated with asynchronous dynamic password tokens.
This system works on the same principal as the synchronous one but it does not have a
time frame. A lot of big companies use this system especially for employee's who may work
from home on the companies VPN (Virtual private Network).
Challenge Response Tokens:
This is an interesting system. A user will be sent special "challenge" strings at either
random or timed intervals. The user inputs this challenge string into their token device and
the device will respond by generating a challenge response. The user then types this
response into the system and if it is correct they are authenticated.
Reference(s) used for this question:
http://www.informit.com/guides/content.aspx?g=security&seqNum=146
and
KRUTZ, Ronald L. & VINES, Russel D., The CISSP Prep Guide: Mastering the Ten
Domains of Computer Security, 2001, John Wiley & Sons, Page 37.
NEW QUESTION: 3
At XYZ Inc., the hourly wage for semi-skilled workers is $14.00. The annual audit shows that fringe benefits cost 30% of basic wages, and that overhead costs are 60% of wages plus fringe benefits. What is the loaded hourly wage for a semi-skilled worker at XYZ Inc.?
A. $22.40.
B. $26.60.
C. $29.12.
D. $30.33.
Answer: C
Explanation:
Fringe Benefits = basic wages * 0.3 = $14 * 0.3 = $4.2 Overheads = (Basic wages + Fringe benefits) * 0.6 = (14 + 4.2) * 0.6 = $10.92 Loaded cost = basic wages + fringe benefits + overheads = 14 + 4.2 + 10.92 = $29.12 (The confusion is the statement "overhead costs are 60% of wages plus fringe benefits". Think of it as 60% of (wages plus fringe benefits), not (60% of wages) plus fringe benefits.)
NEW QUESTION: 4
HOTSPOT
Answer:
Explanation:
Anonymous: If a SAS is published publicly, it can be used by anyone in the world.
Authenticated: Create an Access Policy..
Not Ad-Hoc: Ad-Hoc would have to have a time limit.
Reference: https://docs.microsoft.com/en-in/azure/storage/storage-dotnet-shared-access-signature- part-1
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